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J. K. Dietrich - FBE 532 – Spring 2006 Circon (A) Case April 20, 2006
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J. K. Dietrich - FBE 532 – Spring 2006 Circon’s Performance Offer by U.S. Surgical first made August 2, 1996 for $18/share when share price was around $12-1/8 Offer lowered to $17 on December 14, 1996 Offer limited to 14.9% of shares at $14.50 on June 16, 1997 Offer to buy remainder at $16.50 until offer dropped on September 15, 1998
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J. K. Dietrich - FBE 532 – Spring 2006 Board meeting October 16, 1998 Auhll agreed to resign Shares fell to $8.25 Cloutier named interim CEO assigned goal to engineer sale of company Circon sold in November 1998 to Maxxim Medical for $15/share
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