Criticare Systems acquired by Opto Circuits for $5.50 per share

By Lisa Kerner

Charlotte, N.C., April 10 - Opto Circuits (India) Ltd. said it completed its acquisition of Criticare Systems, Inc.

Packer Acquisition Corp., an Opto Circuits wholly owned subsidiary, acquired 92.8% of Criticare's outstanding shares of common stock for $5.50 per share in cash via a tender offer, a Criticare news release stated.

It was previously reported that Criticare would become a wholly owned subsidiary of Opto Circuits and Criticare's stock will no longer be listed on the American Stock Exchange.

Opto Circuits is a Bangalore, India, medical device company. Its products include digital thermometers, sensors, probes, pulse oximeters, patient monitoring systems, cardiac stents and catheters.

Milwaukee-based Criticare manufactures and markets patient monitoring systems and noninvasive sensors.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.