Jul 3, 2014
Medtech M&A deals continue: Cooper to buy Sauflon for $1.2B
Medtech M&A deals continue: Cooper to buy Sauflon for $1.2B
The Cooper Companies ($COO) gained almost 6% in early trading after it said it would acquire British contact lens company Sauflon Pharmaceuticals. The Pleasanton, CA-based medical device company used offshore cash, in part, to finance the $1.2 billion deal. The acquisition will give Cooper a bigger European footprint and expand its one-day contact lens offerings, which it noted are the fastest…
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