KKR nearing deal to acquire Integer Holdings, WSJ reports
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July 31 (Reuters) – Private equity firm KKR is nearing a takeover of medical device outsourcing company Integer Holdings, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the Plano, Texas-based firm closed more than 20% higher. The offer of $127 per share could come as soon as next week, the report said, valuing Integer at about $4.3 billion per Reuters calculations based on 33.95 million shares outstanding. The company has a market value of $3.42 billion, as per LSEG data. The potential takeover comes amid private equity interest in healthcare companies, following American Industrial Partners' $1.27 billion acquisition of Avanos Medical and Blackstone and TPG's agreement to acquire women's health-focused diagnostic company Hologic for over $18 billion. Integer Holdings is a contract developer and maker of medical devices and components, serving medical technology companies. KKR declined to comment and Integer did not immediately respond to a Reuters request for comment. Integer launched a strategic review in April after receiving interest from potential buyers and said it would consider options including a sale or merger. Activist investor Irenic Capital Management owns a 3.72% stake in the company, according to LSEG data. Integer added two directors to its board in March as part of a deal with Irenic. The...
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