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Updated · Bloomberg · Aug 3KKR Buys Integer Holdings for $5.7 Billion, Paying $127 a Share
3 articles · Updated · Bloomberg · Aug 3Summary
- $5.7 billion is the value of KKR's all-cash agreement to acquire U.S. medical device maker Integer Holdings and take it private.
- $127 per share will be paid to Integer stockholders, a roughly 52% premium to the company's April 29 closing price.
- April 29 marked Integer's announcement of a strategic review, when its board said it would consider a sale or merger.
- The deal caps that review with a buyout by private equity firm KKR, underscoring takeover interest in medical device assets.
Insights
Could KKR's massive acquisition of Integer spark a new wave of aggressive consolidation in the medical device manufacturing sector? Will the promised employee ownership program truly benefit workers after KKR takes this $5.7 billion medical device giant private? Why did activist pressure suddenly push a major US medical device maker into a $5.7 billion private equity buyout?