Flush PIPE: Medronic Buying ATS Medical for $370 Million

Medtronic Inc. (NYSE: MDT) has agreed to acquire ATS Medical Inc. (Nasdaq: ATSI) for approximately $370 million, or $4 per ATS share. Sellers include Alta Partners, which bought 9.8 million shares of ATS in at $1.65 per share, and which also holds an ATS board seat. Also selling would be Essex Woodlands Health Ventures, which in late 2008 invested $20 million for 8.5 million common shares at $2.35 per share, plus another 2.5 million warrants.

North AmericaUSBriefs