Sonova Snaps Up Advanced Bionics For $489M

By Jessica Dye

Law360, New York (November 09, 2009, 3:16 PM ET) -- Swiss hearing aid provider Sonova Holding AG announced Monday that it will purchase cochlear implant maker Advanced Bionics Corp. for $489 million, in an attempt to break into what it says is a high-growth market for Advanced Bionics' cutting-edge hearing technology.

Under the terms of the deal, Sonova will pay California-based Advanced Bionics $489 million in cash, plus a transaction cost of 10 million Swiss francs, for a total of approximately $501.3 million. Sonova said it hoped to secure regulatory approval for the acquisition within the...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles