Medical device co C. R. Bard to buy peer Rochester Medical for $262 mln

Sept 4 Wed Sep 4, 2013 7:13am EDT

Sept 4 (Reuters) - Medical device company C. R. Bard Inc said it will buy urology products maker Rochester Medical Inc for about $262 million to boost its presence in the urology homecare market.

Bard will pay $20 per Rochester Medical share, representing a hefty 45 percent premium to the stock's last close.

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