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BioWorld - Tuesday, May 30, 2023
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Home » Abbott buying CSI for $20 a share, but no firm closing date set
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Abbott buying CSI for $20 a share, but no firm closing date set

Feb. 9, 2023
By Mark McCarty
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Abbott Laboratories reported its plans to acquire Cardiovascular Systems Inc., (CSI), makers of an orbital atherectomy system, and will pay shareholders of CSI $20 per share. Analysts see the acquisition as a smart move for Abbott even though the purchase price represents a 50%-plus premium over the Feb. 8 closing price of $13.31, but the companies did not provide a date by which the transaction will close.
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