Sunday, July 22, 2007

Ev3 Inc. to buy FoxHollow for $780 million

(Reuters) - On Friday, FoxHollow shares surged 9.3 percent to close at
$24.72 on Nasdaq. The transaction is expected to be completed
in the fourth quarter of 2007.




Under the terms of the deal, FoxHollow shareholders will
get 1.45 shares of Ev3 stock plus $2.75 in cash for each share
of FoxHollow they own. Ev3 shareholders would end up owning
about 59 percent of the combined company.


Read more at Reuters.com Mergers News

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