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Wednesday, March 3, 2021

Permira bids for medical device maker LivaNova

 Private equity group Permira has made a takeover bid for medical device maker LivaNova, the Financial Times reported on Wednesday, citing people familiar with the matter.

According to the report, the offer, made in mid-February, values LivaNova’s stock at more than $80 a share.

LivaNova did not immediately respond to a Reuters request for comment.

Talks are ongoing but there is no certainty that a deal will be reached, the FT report added.

LivaNova, which has a market capitalization of $3.71 billion, was created in 2015 through a merger of Cyberonics and Storin.

https://www.reuters.com/article/livanova-permira-ma-idUSL3N2L14DR

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