ev3 And FoxHollow Technologies Announce Merger - Seeking Alpha: "Sara Calabro submits: Two endovascular device companies, ev3 Inc. (EVVV) and FoxHollow Technologies (FOXH), announced over the weekend a merger that would create a combined company with a $1.7 billion market cap.
Plymouth, MN-based ev3 has offered to pay $780 million for FoxHollow, of Redwood City, CA, which represents a 20% premium to the 30-day average trading price for FoxHollow’s shares. Both boards, and ev3’s shareholders, have signed off — pending approval by FoxHollow shareholders, the deal is expected to close in the 4th quarter of this year. Assuming successful completion, 2008 net sales are expected to be between $585 to $615 million."
