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Greatbatch pays $102 million for Enpath Medical
April 30, 2007
By: Christina Zarrello
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Greatbatch Inc. Monday agreed to acquire Enpath Medical Inc. for about $102 million, including debt assumption. The deal values shares of Enpath, a Minneapolis medical products maker, at $14.38 each, compared to Friday’s closing price of $11.13. Greatbatch, which is headquartered in Clarence, NY, expects the transaction to close in late June and for it to add to earnings in 2008. Greatbatch shares finished Friday at $28.81, up 6 cents.
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