AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Medtronic Agrees to Acquire VidaMed; VidaMed's TUNA System Strengthens Medtronic's Position in Urological Market.
Business Editors & Health/Medical Writers
MINNEAPOLIS--(BW HealthWire)--Dec. 6, 2001
Medtronic, Inc. (NYSE:MDT), announced today that it has agreed to acquire VidaMed, Inc. (Nasdaq:VIDA). VidaMed's TUNA(R)(Transurethral Needle Ablation) system treats benign prostatic hyperplasia (BPH), a non-cancerous condition also known as "enlarged prostate," which affects up to 23 million men worldwide.
The agreement, valued at approximately $326 million in the aggregate, provides that each VidaMed shareholder will receive $7.91 per share in cash upon consummation of the transaction. Completion of the acquisition is subject to customary conditions, including approval by shareholders, and Hart-Scott-Rodino clearance. The companies expect to complete the transaction during the first calendar quarter of 2002. Medtronic has held a minority investment in VidaMed since January 2000.
Banc of America Securities LLC acted as exclusive financial advisor to VidaMed in connection with this transaction.
"The acquisition of VidaMed complements our rapidly growing…
- VidaMed Announces Expiration of Waiting Period Under Hart-Scott-Rodino Act in...
- Press release article from: Business Wire February 5, 2002 700+ words
...amended, applicable to the acquisition of VidaMed by Medtronic, Inc. expired on February 4, 2002. As...contemplated by the merger agreement among VidaMed, Medtronic, Inc. and VidaMed Acquisition Corp. Information regarding VidaMed...
- Medtronic Agrees to Market VidaMed's TUNA(R) System in Australia
- Press release article from: PR Newswire May 18, 1998 700+ words
...PRNewswire/ -- VidaMed, Inc. (Nasdaq: VIDA) announced that Medtronic, Inc., the world...durable treatment." VidaMed, in partnership with Medtronic, has already submitted...VIDA) CO: VidaMed, Inc.; Medtronic, Inc. ST: California...
- Medtronic Completes Acquisition of VidaMed, Adds Minimally Invasive Therapy for...
- Press release article from: Business Wire April 12, 2002 700+ words
...April 12, 2002 VidaMed's TUNA(R) Product to Join Medtronic's Rapidly Growing...men worldwide. Medtronic, which held a minority interest in VidaMed prior to the acquisition...begin consolidating VidaMed into the Medtronic Urology business...
- Medtronic (Minneapolis, Minnesota) reported completing its acquisition of...
- Newspaper article from: The BBI Newsletter May 1, 2002 700+ words
...a non-cancerous condition, usually referred to as enlarged prostate. Medtronic previously held a minority interest in VidaMed. Vidamed will become part of Medtronic's urology business. The non-surgical TUNA system delivers low-level...
- VidaMed to be acquired. (Tech Beat:Northern California - Fremont).(by Medtronic...
- Magazine article from: Silicon Valley/San Jose Business Journal December 14, 2001 700+ words
Fremont-based VidaMed Inc. has agreed to...by Minneapolisbased Medtronic Inc. The transaction...and provides that each VidaMed shareholder will receive...The acquisition of VidaMed complements our rapidly...says Art Collins, Medtronic president and chief...
- VidaMed Raises $11.2 Million Including $9.2 Million Investment by Medtronic.
- Press release article from: Business Wire January 5, 2000 700+ words
...Medtronic, under which Medtronic purchased 5.3...issued shares of VidaMed common stock at...the agreement. Medtronic now owns approximately...total equity of VidaMed. Current VidaMed...issued shares of VidaMed common stock under the same terms as the Medtronic ...
- VidaMed Appoints Michael Ellwein to Board of Directors.
- Press release article from: Business Wire March 21, 2000 700+ words
...experience will most certainly benefit VidaMed as we continue to establish TUNA...prostatic hyperplasia." On January 5, VidaMed announced that Medtronic had purchased 5.3 million newly issued shares of VidaMed common stock, representing 18...
- VidaMed Reports Record U.S. TUNA Procedures, Revenues and Equipment Sales...
- Press release article from: Business Wire April 3, 2002 700+ words
...quarter of 2001. Business Updates: As previously announced, VidaMed has entered into an agreement and plan of merger with Medtronic, Inc. and Medtronic's merger subsidiary, VidaMed Acquisition Corp., pursuant to which each VidaMed stockholder...
- VidaMed Responds to Shareholder Complaints.
- Press release article from: Business Wire December 7, 2001 700+ words
...directors in connection with VidaMed's recently announced merger with a subsidiary of Medtronic, Inc. The complaints...the merger agreement with Medtronic and Medtronic's merger subsidiary, VidaMed's stockholders will receive...
- VidaMed Reports Fourth Quarter and Full-Year Results; Full-Year Revenues Up...
- Press release article from: Business Wire February 7, 2002 700+ words
...performed and 3,831 worldwide -- Medtronic agrees to acquire VidaMed, transaction expected to close...agreement and plan of merger with Medtronic, Inc. and Medtronic's merger subsidiary, VidaMed Acquisition Corp. pursuant to which...
Source: HighBeam Research, Medtronic Agrees to Acquire VidaMed; VidaMed's TUNA System...
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA
The AccessMyLibrary advertising network includes:
