CR Bard set to pay e50 million for Clearstream

The American manufacturer of medical devices CR Bard is set to acquire the Wexford-based manufacturer of angioplastic products Clearstream Technologies in an all-cash deal worth more than e50 million.

24th September, 2011

The American manufacturer of medical devices CR Bard is set to acquire the Wexford-based manufacturer of angioplastic products Clearstream Technologies in an all-cash deal worth more than e50 million.

Bard has made an offer for the AIM-listed Clearstream of 85p sterling per share and the offer has been recommended for acceptance by the Clearstream board. The 85p per share offer represents a 84 per cent premium on the Clearstream share price before Bard made its...

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