Skadden Reps Endo In $2.9B American Medical Buy

Law360, New York (April 11, 2011, 11:50 AM EDT) -- Endo Pharmaceuticals said Monday it would purchase pelvic health company American Medical Systems Holdings Inc. for $2.9 billion in cash, as it seeks to keep abreast in a rapidly consolidating industry.

The deal, which values Minnetonka, Minn.-based American Medical Systems' stock at $30 per share and also includes the assumption of $312 million in its debt, sent the target's stock soaring by more than 32 percent, with its shares closing the day's trading at $29.50 each.

Endo said the deal would add immediately to its per-share earnings...
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