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Monday, 06/27/2016 8:29:09 AM

Monday, June 27, 2016 8:29:09 AM

Post# of 760
6-27-16: Medtronic to Acquire of HeartWare Intl. For $58/sh.

http://ir.heartware.com/phoenix.zhtml?c=187755&p=irol-newsArticle&ID=2180056
6-27-16: Medtronic plc (NYSE: MDT), the global leader in medical technology, and HeartWare International, Inc. (NASDAQ: HTWR), a leading innovator of less-invasive, miniaturized circulatory support technologies for the treatment of advanced heart failure, today announced that the companies have entered into a definitive merger agreement under which Medtronic will acquire HeartWare in a transaction valued at approx. $1.1 billion. Under the terms of the agreement, Medtronic will commence a tender offer for all outstanding shares of HeartWare common stock for $58.00 per share, in cash. The boards of directors of both Medtronic & HeartWare have unanimously approved the transaction. The acquisition is expected to close during Medtronic's 2nd fiscal qtr ending Oct. 28, 2016, subject to the satisfaction of customary closing conditions…