• Most Popular
  • Most Shared

Ecolab says will buy Microtek in $274 mln deal

Tue Aug 7, 2007 5:34pm EDT

Stocks

   

Mergers & Acquisitions

LOS ANGELES, Aug 7 (Reuters) - Ecolab Inc. (ECL.N), a provider of cleaning products and services, said on Tuesday it agreed to buy Microtek Medical Holdings in a $274 million deal aimed at expanding its reach in the health care sector.

Ecolab said it offered $6.30 per share in cash for Microtek's 43.5 million outstanding shares.

Microtek's products include infection barrier equipment drapes and operating room cleanup systems. In 2006, Microtek's sales were $142 million.

(Reporting by Lisa Baertlein)

((Editing by Tim Dobbyn; Reuters Messaging: lisa.baertlein.reuters.com@reuters.net; mail to:lisa.baertlein.reuters.com@reuters.net; +1 213 955 6742)) Keywords: MICROTEK ECOLAB/

(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nWEN0219
Mergers & Acquisitions


More from Reuters

This heart-wrenching picture of a mother and child at an an emergency feeding centre in in Tahoua, Niger, won international acclaim for incorporating beauty, horror and despair. Taken on August 1, 2005 by Finbarr O'Reilly.

Pictures of the Decade

    Pictures
    A gold miner inspects a rock while digging a pit at the Chudja mine in the Kilomoto concession near the village of Kobu, 100 km (62 miles) from Bunia in northeastern Congo, February 23, 2009. REUTERS/Finbarr O'Reilly
    OUTLOOK 2010:

    Unsafe havens, big returns?

    Underdeveloped, illiquid, unstable ... if you can stomach the risks, these diamonds in the rough look set to pay off.  Full Article 

    Global Investing
    A student receives a H1N1 vaccine injection at a hospital in Suining, Sichuan province November 11, 2009. Credit: REUTERS/Stringer

    Pictures of the Year

    A girl receiving the H1N1 vaccine and breathtaking saves in a soccer game are among the indelible Reuters images of the year.  Slideshow 

    Pictures