July 19, 1997 |
Urohealth Systems Inc. on Friday sweetened by 35% its deal to buy Imagyn Medical Inc. for stock, and the boards of the two Orange County medical device companies endorsed the revised terms. Imagyn, a Laguna Niguel company whose low stock price and innovative instruments for gynecological surgery make it an attractive target, also said it rejected the unsolicited offer received earlier this week from giant U.S. Surgical Corp. The Norwalk, Conn.-based company said it won't increase its offer.
January 26, 2006 |
The Federal Circuit court of appeals in Washington upheld a $64.5-million judgment for patent infringement against Tyco International Ltd.'s U.S. Surgical Corp. unit. A law firm representing Applied Medical Resources Corp. of Rancho Santa Margarita said that the court affirmed a $43.5-million damages award, and said the $64.5 million included increased damages and attorney fees.
March 27, 1997 |
Imagyn Medical Inc. said Wednesday it has received clearance from the Food and Drug Administration to market its MicroLap Gold microlaparoscope for the diagnosis and treatment of pelvic pain, infertility and tubal ligation. Imagyn said it will begin shipments of MicroLap Gold to U.S. Surgical Corp. in the second quarter. Imagyn has an agreement for U.S. Surgical to distribute the MicroLap products.
November 30, 1988 |
An animal rights activist accused of planting a bomb at a surgical instruments company that experiments on dogs pleaded not guilty Tuesday to charges of attempted murder, possession of explosives and manufacturing a bomb. Fran Stephanie Trutt, 33, of New York City did not speak during her brief appearance in Stamford Superior Court except to say: "Definitely not guilty."
October 21, 1998 |
Circon Corp., a maker of minimally invasive surgery products, said its top executive quit and the company will stop looking for a buyer. The company said Chief Executive and Chairman Richard Auhll resigned, without citing a reason. George Cloutier, a director at Santa Barbara-based Circon, will serve as interim CEO while the company looks for a permanent leader. John Blokker, also a director, is the new chairman of the company, which had 1997 revenue of $160 million.
September 17, 1998 |
Shares of Circon Corp., a maker of minimally invasive surgery products, plunged 29% after U.S. Surgical Corp. said it dropped its $230-million tender offer to buy the company. Shares in the Santa Barbara-based company fell $3.38 to close at $9.88 on Nasdaq. Earlier, the shares touched $9.13, the lowest level for the company in two years. Circon, which has annual sales of about $160 million, has been the target of a hostile takeover bid by U.S. Surgical since 1996. Norwalk, Conn.-based U.S.
April 2, 1999 |
Tyco International Ltd. and Johnson & Johnson agreed to settle a 10-year-old patent dispute between the companies' medical device subsidiaries. The settlement enables Tyco's U.S. Surgical Corp. and Johnson & Johnson's Ethicon Endo-Surgery Inc. to compete in the surgical instrument market without fighting more patent battles.
November 11, 1998 |
Circon Corp. agreed to ease anti-takeover provisions and consider being acquired, bowing to shareholders upset by the surgical-products maker's rejection of a bid from U.S. Surgical Corp. Santa Barbara-based Circon said it will consider new proposals and invited discussions from companies it negotiated with earlier. Norwalk, Conn.-based U.S. Surgical withdrew its $230-million offer Sept. 15 after agreeing to be bought by Tyco International Ltd.