ConvaTec to buy 180 Medical Holdings for $321 million
(Reuters) - Medical technology firm ConvaTec said it will buy privately owned 180 Medical Holdings Inc, a maker of catheters and urologic medical supplies, for $321 million.
ConvaTec, which private equity firms Nordic Capital and Avista Capital Partners bought from Bristol-Myers Squibb Co in 2008, said the deal will close late in the third quarter.
Skillman, New Jersey-based ConvaTec makes wound care and ostomy care products.
(Reporting by Prateek Kumar in Bangalore; Editing by Maju Samuel)
BANGALORE/SYDNEY - Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.