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BUSINESS
November 12, 1997 | Reuters
Respironics Inc. said it agreed to acquire Healthdyne Technologies Inc. for about $337 million in a stock transaction. The deal would include the assumption of $33 million in Healthdyne debt. Respironics, which is based in Pittsburgh, also said it will take between $25 million and $30 million in related charges in the first quarter of next year, when it expects to close the deal. Healthdyne, based in Marietta, Ga., makes monitoring devices for newborns and products for respiratory disorders.
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BUSINESS
November 12, 1997 | Reuters
Respironics Inc. said it agreed to acquire Healthdyne Technologies Inc. for about $337 million in a stock transaction. The deal would include the assumption of $33 million in Healthdyne debt. Respironics, which is based in Pittsburgh, also said it will take between $25 million and $30 million in related charges in the first quarter of next year, when it expects to close the deal. Healthdyne, based in Marietta, Ga., makes monitoring devices for newborns and products for respiratory disorders.
BUSINESS
November 2, 1993 | From Times Staff and Wire Reports
Disposable Hospital Resuscitators Recalled: Respironics Inc. said it is recalling between 30,000 and 50,000 BagEasy hospital air pumps because they can become clogged if a plastic part in the bag breaks. The company said it will no longer make the hand-operated, disposable resuscitators and will not replace those that are returned. Respironics stock fell $1.25 to $18.25 on Nasdaq.
BUSINESS
October 6, 1999
* Shares of San Diego-based medical-equipment maker ResMed Inc. fell as much as 6% after a U.S. court dismissed the company's charge that Respironics Inc. had infringed a sleep timer patent. Shares of San Diego-based ResMed ended the day on the New York Stock Exchange down $1.50 at $32, after falling as low as $31.38 earlier. The U.S. District Court in Pittsburgh had previously dismissed two of the three claims on which ResMed in 1995 brought suit against Respironics for infringement.
BUSINESS
November 11, 1998 | From Bloomberg News
American Express Co., moving to expand its small-business services, said Tuesday it agreed to buy Santa Ana-based Rockford Industries Inc., which finances and leases equipment for small businesses. New York-based American Express, a travel and financial services company, will pay Rockford shareholders about $61 million in stock, or the equivalent of $11.88 a share. Rockford will become an American Express subsidiary. Rockford shares moved up 44 cents to $11.
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