Tech Company M&A Transactions
Kerberos Proximal Solutions Acquisition
Based in Cupertino, Kerberos Proximal Solutions was acquired by FoxHollow Technologies. The acquisition price was $32 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/28/2006
Transaction Type
M&A
Amount
$32,000,000
M&A Terms
FoxHollow Technologies (Nasdaq: FOXH) today announced it has signed a definitive merger agreement to acquire Kerberos Proximal Solutions, Inc., Under the merger agreement, FoxHollow has committed to pay approximately $32 million at closing, of which approximately $13 million is expected to be paid in the form of stock. FoxHollow may also make earnout payments after each of the second and third years following the transaction, based on 2 times that year's sales less the value of all prior payments.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
10600 North Tantau Avenue
Cupertino, CA 95014
USA
Cupertino, CA 95014
USA
Phone
Website
Email Address
Not Recorded
Overview
Kerberos Proximal Solutions is a privately-held medical device company based in Cupertino, Calif. Founded in 2001, Kerberos is dedicated to developing innovative solutions to treat vascular disease.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
King Nelson
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