Japan's Fuji in talks to buy Given Imaging for $750m

Wed, 10/24/2012 - 3:44pm

Market sources say that a deal is under discussion at a company value of $750 million for Given Imaging, a 34% premium on its $561 million market cap.

Given Imaging's share price rose a further 5.8% by mid-afternoon on the TASE to NIS 73.85, continuing its rise since announcing last Thursday (18/10/2012) that it was in talks for a merger or sale of the company.

Elron Electronic Industries Ltd.  a subsidiary of Nochi Dankner's IDB Holding Corp. Ltd. unit Discount Investment Corporation (TASE: DISI), owns 22% of Given Imaging, and Discount Investment owns 15.26%. Given Imaging has received several queries about an acquisition.

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