U.S. SURGICAL LAUNCHES $18-PER-SHARE TENDER OFFER FOR CIRCON, SEEKING "MAJOR PLATFORM" IN UROLOGY AND GYNECOLOGY; CIRCON REMAINS SILENT ON BID
This article was originally published in The Gray Sheet
Executive Summary
The proposed acquisition of Circon would "provide a major platform for U.S. Surgical to expand its presence in the areas of urology and gynecology," the Norwalk, Connecticut-based company explained in announcing its unsolicited bid.