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ConMed lays out $23M for Viking Systems

Tue, 08/14/2012 - 1:35pm
Mass Device

ConMed agrees to pay 27¢ per share, or $22.5 million, for Viking Systems and its 3D surgical imaging system.

ConMed
Viking Systems

ConMed (NSDQ:CNMD) and Viking Systems (OTC:VKNG) aid they've agreed on a $22.5 million merger, aiming to fill the gap between 2D systems and the 3D imaging systems that come with sophisticated surgical robot systems.

The 27¢-per-share price represents a 42% premium over VKNG's 19¢ closing price yesterday.

News of the deal sent CNMD shares up slightly today to $26.91 as of about 1:20 p.m. VKNG shares were trading at 26.3¢, up 38.9%.

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