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Read More »Philips to buy cardiac firm Spectranetics for $1.7bn
Bloomberg Royal Philips NV’s $1.7 billion deal to buy Spectranetics Corp., a US maker of devices to treat cardiac disease, shows the Dutch company is moving more aggressively to bolster its growing health-care business. Philips will offer $38.50 a share in cash for the Colorado Springs-based company, according to a statement on Wednesday. The price is 27 percent above Spectranetics’ …
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