Opto Circuits to Acquire Cardiac Science (CSCX) for $2.30/Share
Cardiac Science Corporation (Nasdaq: CSCX) and Opto Circuits (India) Limited announced that they have entered into an agreement whereby Opto will acquire all outstanding shares of Cardic Science for a consideration of $2.30 per share.
Piper Jaffray acted as financial advisor to Cardiac Science and delivered a fairness opinion to Cardiac Science's board of directors. Perkins Coie LLP served as outside legal counsel to Cardiac Science, while Quarles & Brady LLP served as outside legal counsel to Opto Circuits.
The transaction is expected to close in Q410.
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Piper Jaffray acted as financial advisor to Cardiac Science and delivered a fairness opinion to Cardiac Science's board of directors. Perkins Coie LLP served as outside legal counsel to Cardiac Science, while Quarles & Brady LLP served as outside legal counsel to Opto Circuits.
The transaction is expected to close in Q410.
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