Cyberonics (CYBX) Gains on Strong Q1 Results Amid Slight Delay to Merger Completion - BTIG
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Cyberonics and Sorin Provide Merger Update
August 20, 2015 8:30 AM EDTCyberonics Sets September 22, 2015 Special Stockholder Meeting to Vote on Proposed Merger
HOUSTON & MILAN--(BUSINESS WIRE)-- Cyberonics, Inc. (NASDAQ: CYBX, Cyberonics) and Sorin S.p.A. (MTA; Reuters Code: SORN.MI, Sorin) (MIL: SRN) today announced an update on various matters relating to their pending business combination (the Transaction).
The companies announced that the registration statement on Form S-4 for LivaNova, PLC filed on April 20, 2015 and amended on June 12, 2015, July 13, 2015 and August 17, 2015, was declared effective by the Securities and Exchange Commission on August 19, 2015, thus paving the way for... More
Cyberonics and Sorin Provide Merger Update
August 20, 2015 7:00 AM EDTHOUSTON and MILAN, Aug. 20, 2015 /PRNewswire/ --Â Cyberonics, Inc. (NASDAQ: CYBX, "Cyberonics") and Sorin S.p.A. (MTA; Reuters Code: SORN.MI, "Sorin") today announced an update on various matters relating to their pending business combination (the "Transaction").
The companies announced that the registration statement on Form S-4 for LivaNova, PLC filed on April 20, 2015 and amended on June 12, 2015, July 13, 2015 and August 17, 2015, was declared effective by the Securities and Exchange Commission on August 19, 2015, thus paving the way for convening the special meeting of Cyberonics stockholders to consider and vote on the Transaction.... More
Cyberonics Reports Fiscal 2016 First Quarter Results
August 20, 2015 7:00 AM EDTHOUSTON, Aug. 20, 2015 /PRNewswire/ --Â Cyberonics, Inc. (NASDAQ: CYBX) today announced results for the quarter ended July 24, 2015.Â
Quarterly highlights1Â
Operating results for the first quarter of fiscal 2016 compared to the first quarter of fiscal 2015, and other achievements, include:
Record worldwide net sales of $81.0 million, an increase of 12.5%, and 14.4% on a constant currency basis; Record U.S. net product sales of $67.7 million, an increase of 15.1%; International net sales of $13.3 million, an increase of 0.9%, and 11.4% on a constant currency basis; Worldwide unit... More