American Medical Systems
April 11, 2011 by staff
American Medical Systems, Pennsylvania’s company has bought Minnetonka-based American Medical Systems and .9 billion in cash. The deal, announced Monday, calls for Endo Pharmaceuticals to pay and 30 per share, and assume 312 million and debt of American Medical Systems. The stock closed Friday at 22.33 and Chadds Ford, Pa.-based Endo Pharmaceuticals, which calls itself a “specialized health care solutions company,” and American Medical Systems, which manufactures devices for the treatment of conditions of the male and female pelvis, such as incontinence and dysfunction Erectile and will employ, 000 people. American Medical Systems has, 255 employees worldwide, and about people at its headquarters in Minnetonka.
Mark Heggestad, American Medical Systems, chief financial officer, said in an e-mail that “Endo recognizes the value and contributions of [American Medical Systems employees and intends to lead the organization as an” independent business. “” The agreement, subject to approval by the shareholders of American Medical Systems and the authorities of competition, is expected to close late in the third quarter.
AMS shares rose more than 32 percent on Monday morning and .50. Endo shares were also 5 percent more and 43.
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