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Mindray Medical Receives $3.5 Billion Go-Private Offer

publication date: Jun 4, 2015
Mindray Medical, the Shenzhen medical device maker, received a going-private offer from its three top executives of $30 per ADS, a modest 10% over yesterday's closing price. The offer values Mindray at $3.5 billion. In its Q1 earnings report, Mindray warned that its net income for 2015 would fall by a mid-teens percentage. Brokerage houses responded by lowering their ratings on the company, some to a sell and others to a strong sell. Previous to the Q1 earnings report, Mindray was trading above $30 per ADS. More details....

Stock Symbol: (NYSE: MR)

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