Greatbatch Acquires Majority of Enpath

Greatbatch Inc., a medical device components maker, on Wednesday said it acquired 90.1 percent of Enpath Medical Inc.’s stock through a tender offer that expired Tuesday.

Greatbatch, which makes catheters, leads and other products for use in pacemaker, defibrillator, catheter and infusion port procedures, announced a second tender offer for all remaining shares of Enpath Medical, which makes specialty medical devices. The offer, which prices shares at the same $14.38 per share as the prior offer, expires at midnight Friday.

Greatbatch said it expects to complete its acquisition of Plymouth, MN-based Enpath Medical on or around June 15.

Shares fell 42 cents to $29.46 in morning trading.

SOURCE: AP