Philips has agreed to pay $36.7 million for Oregon-based medical device firm Electrical Geodesics in a deal that represents a 36% premium over Electrical's closing share price Wednesday. The acquisition, through which Philips will create an integrated neurological imaging, mapping and therapy guidance portfolio, is expected be completed in the third quarter, pending approval from Electrical's stockholders and the satisfaction of other customary closing conditions.
Philips enters $36.7M deal to acquire Electrical Geodesics
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