Edition:
India

Merit Medical Signs Agreement To Acquire Cianna Medical


Tuesday, 2 Oct 2018 

Oct 1 (Reuters) - Merit Medical Systems Inc ::MERIT MEDICAL SIGNS AGREEMENT TO ACQUIRE CIANNA MEDICAL, INC..MERIT MEDICAL SYSTEMS INC - DEAL STRUCTURE INCLUDES AN UPFRONT PAYMENT OF $135 MILLION.MERIT MEDICAL - DEAL STRUCTURE INCLUDES UPFRONT PAYMENT OF $135 MILLION, POTENTIAL EARN-OUT PAYMENTS OF $15 MILLION FOR ACHIEVEMENT OF SUPPLY CHAIN METRICS.MERIT MEDICAL - DEAL STRUCTURE ALSO INCLUDES UP TO AN ADDITIONAL $50 MILLION FOR ACHIEVEMENT OF SALES MILESTONES.MERIT MEDICAL SYSTEMS-IN 2019 DEAL WOULD BE NON-ACCRETIVE TO MERIT EARNINGS PER SHARE ON A GAAP BASIS IN RANGE OF $0.06-$0.10 PER COMMON SHARE.MERIT MEDICAL SYSTEMS - IN 2019, DEAL TO BE ACCRETIVE TO MERIT EARNINGS PER SHARE ON A NON-GAAP BASIS IN RANGE OF $0.08-$0.13 PER COMMON SHARE. 

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