Medtronic $1.1 billion acquisition of HeartWare International

Overview:

• Medtronic has acquired HeartWare International in a $1.1 billion deal.
• The deal comes to $58 per HeartWare share.
• Medtronic's acquisition follows last month's acquisitions of a stake in Israel-based Mazor Robotics and of Smith & Nephew's gynecology unit.
• Ropes & Gray (Christopher Comeau, Paul Kinsella) advised Medtronic.
• Shearman & Sterling advised HeartWare.

Kurt Stumpo - Journalist - North America and the Caribbean