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Consort Medical Plc Announces Proposed Disposal Of King Systems Corporation To Ambu A/S

Thursday, 20 Dec 2012 02:20am EST 

Consort Medical Plc announced the proposed disposal of King to Ambu for a maximum consideration of USD170 million (GBP105 million), consisting of an initial payment of USD120 million and further contingent payments of up to USD50 million, receivable over the next three years. Consort and Ambu have signed a sale and purchase agreement under which Ambu will acquire the entire issued capital stock of King. Ambu will acquire the entire issued capital stock of King from Consort in return for an initial payment in cash of USD120 million. The Disposal, which is expected to be completed in the first quarter of calendar 2013. 

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