ev3

Covidien to Buy ev3

Covidien to Buy ev3

Covidien Plc, a medical equipment maker is planning to acquire ev3 Inc for $2.6 billion. It aims to boost its presence in the stents and other vascular devices market with this takeover. The deal values a share of ev3 Inc at $22.50 per share which is almost 19% higher than ev3's closing price of $18.92 on Friday. Its stock rose 17.9% to $22.31 in premarket trading.