Haemonetics Agrees To Acquire Attune Medical For An Upfront Cash Payment Of $160M Plus Additional Contingent Consideration Based On Sales Growth In The Three Years
Portfolio Pulse from Benzinga Newsdesk
Haemonetics has agreed to acquire Attune Medical for an upfront cash payment of $160 million, with additional contingent consideration based on sales growth over the next three years. This strategic acquisition aims to enhance Haemonetics' product portfolio and market presence.
March 05, 2024 | 11:02 am
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Haemonetics' acquisition of Attune Medical for $160M upfront, with additional sales growth-based payments, aims to strengthen its market position and product offerings.
The acquisition of Attune Medical by Haemonetics is a strategic move to enhance its product portfolio and market presence. The upfront payment of $160M, along with additional contingent consideration based on sales growth, indicates a positive outlook on the synergy between the two companies. This deal is likely to be viewed positively by investors, as it demonstrates Haemonetics' commitment to growth and expansion, potentially leading to an increase in stock price in the short term.
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