Greatbatch agrees to buy Precimed in $125M deal: "
SAN FRANCISCO, Nov. 26, 2007 (Thomson Financial delivered by Newstex) -- Greatbatch Inc. (NYSE:GB) said late Monday it has agreed to buy Precimed, a privately-held orthopedic instrumentation company for $125 million. The agreement includes Precimed's contract to acquire the operations of another company in the orthopedic industry. Both transactions are expected to close in early 2008. Clarence, N.Y.-based Greatbatch manufactures components of medical devices. Under terms of the agreement, Greatbatch will acquire Precimed's shares and the assets of its pending acquisition for around $125 million in cash, plus an additional cash payment, contingent on 2008 earnings performance, of up to $10 million."
We did buy this today at 19.30. It is down slightly since the purchase. Here is the Chart
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