Medtronic Agrees to Acquire China Kanghui for $816 Million
28 Septembre 2012 - 5:52AM
Dow Jones News
By Prudence Ho
HONG KONG--Medical devices maker Medtronic Inc. (MDT) said
Friday it agreed to buy China Kanghui Holdings (KH) for $816
million in cash, in a move to enter China's medical device
market.
Medtronic will pay $30.75 per American Depository Share,
representing a 22.5% premium to Kanghui's Thursday closing price of
$25.11 on the New York Stock Exchange.
"Kanghui represents a significant investment in China,
accelerating Medtronic's overall globalization strategy," Medtronic
Chief Executive Omar Ishrak said in a statement.
The transaction is likely to close in the next few months and is
subject to approval from the shareholders of Kanghui.
Kanghui was founded in 1997 and is headquartered in
Changzhou.
Write to Prudence Ho at prudence.ho@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
China Kanghui Holdings American Depositary Shares (Each Representing Six Ordinary Shares, $0.001 Par Value) (NYSE:KH)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
China Kanghui Holdings American Depositary Shares (Each Representing Six Ordinary Shares, $0.001 Par Value) (NYSE:KH)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about China Kanghui Holdings American Depositary Shares (Each Representing Six Ordinary Shares, $0.001 Par Value) (New York Stock Exchange): 0 recent articles
Plus d'articles sur China Kanghui Holdings ADS