Monday, December 04, 2006 12:50:09 PM ET newratings.com
NEW YORK, December 4 (newratings.com) – Medical device maker Kyphon Inc (KYPH.NAS) Monday announced that it had signed a definitive agreement to acquire California-based privately-held St. Francis Medical Technologies Inc for $525 million in cash.
Kyphon said it will make additional revenue-based contingent payments of up to $200 million in cash or a combination of cash and stock before 2008. The deal is expected to close in the first quarter of 2007. Kyphon expects the deal to be substantially accretive to GAAP earnings per share in 2008 and beyond. "This acquisition will leverage the strong distribution capabilities of our direct sales organization and provide another growth engine for delivering enhanced value to our shareholders," Kyphon’s president and chief executive Richard Mott said.
Tuesday, December 05, 2006 5:57:01 AM ET Lazard Capital Markets
NEW YORK, December 5 (newratings.com) - In a research note published yesterday, analysts at Lazard Capital reiterate their "buy" rating on Kyphon Inc (KYPH.NAS). The target price has been raised from $48 to $55.
05.12.2006 17:31 Update Kyphon Inc.: Buy (Banc of America Sec.) Die Analysten von Banc of America Sec. bewerten in ihrer Analyse vom Dienstag, 5. Dezember 2006 die Aktie von Kyphon Inc. (Nachrichten) nach wie vor mit dem Rating "Buy". Das Kursziel für die Aktie liegt momentan bei 51 $