CONMED Corp. (CNMD) to Acquire Viking Systems, Inc. (VKNG) for $22.5Mln
Medical technology company CONMED Corp. and Viking Systems, Inc., a 3D and 2D visualization solutions company, have reached an agreement under which CONMED will acquire Viking for $0.27 per share in cash, representing a 42 percent premium over the closing price of Viking’s common stock on August 13 for a total purchase price of approximately $22.5 million. Viking's lead product is the Viking 3D-HD Vision System, an advanced 3D vision system used by surgeons during complex minimally invasive laparoscopic surgery, and is believed to be the only stand-alone 3D laparoscopic vision system on the market that is both FDA-cleared and…