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Stock Market & Financial Investment News

News Breaks
December 9, 2013
08:01 EDTCFNCareFusion to invest $100M in Israeli infusion pump maker
CareFusion announced it will invest $100M for a 40% minority stake in Caesarea Medical Electronics. Under the terms of the agreement, CareFusion has the right to make additional investments that would increase its interest to a majority owner of CME. CME will continue to operate independently from CareFusion, including the retention of its existing distributor network in the markets it serves. CareFusion expects to complete the investment transaction by March 31, 2014, subject to certain closing conditions. The final investment amount is subject to typical adjustments. Additional terms of the agreement were not disclosed.
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