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| Acquiring Party | Abbott Laboratories (NYSE: ABT), a leading manufacturer of pharmaceuticals, medical devices and diagnostics. |
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| Transferring Party | Advanced Medical Optics Inc. (NYSE: EYE), a global ophthalmic surgical and eye care products company. |
| Sector | Medical Devices |
| Date | January 12, 2009 |
| Analysis In this diversification play, Abbott sees cataract surgery (50% of AMO's business) growing with the aging baby boomers. The laser vision correction business is down but Abbott sees improvement due to AMO's leading position for Lasik equipment, plus opportunities to accelerate AMO's R&D pipeline. Deal price -- $2.8b on sales of $1.2b (2.3x) and EBITDA of $261m (10.7). | |
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2010 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason. | |