St. Jude Medical to Buy AGA Medical for $1.3 Billion

Medical device company St. Jude Medical (STJ) will buy AGA Medical Holdings Inc (AGAM) for $1.3 billion, or $20.80 per share.

AGA Medical makes devices to treat heart problems through transcatheter treatments, St Jude Medical said today in a statement.

Sponsored Links
The deal "will create a clear leader in the structural heart market, making St. Jude Medical the only company with programs across all major categories," the statement said.

AGA Medical had sales of about $199 million in 2009. The deal should close by the end of 2010.
Read Full Story

Markets

DJIA 20,937.91 43.08 0.21%
NASDAQ 6,138.71 5.09 0.08%
S&P 500 2,398.42 4.40 0.18%
NIKKEI 225 19,742.98 129.70 0.66%
HANG SENG 25,351.75 -51.40 -0.20%
DAX 12,659.15 39.69 0.31%
USD (per EUR) 1.12 0.00 -0.06%
USD (per CHF) 0.98 0.00 0.01%
JPY (per USD) 111.89 -0.07 -0.06%
GBP (per USD) 1.30 0.00 0.08%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.