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Stock Market & Financial Investment News

News Breaks
February 4, 2013
11:24 EDTCYBXCyberonics says Hagerty lawsuit voluntarily dismissed without prejudice
Cyberonics announced that the lawsuit filed by former employee Andrew Hagerty in federal district court in Massachusetts was voluntarily dismissed without prejudice by Hagerty on February 1. The company has asserted that, under the terms of his employment, Hagerty's claims are subject to binding arbitration. Hagerty has the right to re-file the lawsuit or to pursue a resolution through binding arbitration.
News For CYBX From The Last 14 Days
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June 25, 2015
09:05 EDTCYBXSorin, Cyberonics say name of combined company will be LivaNova
Sorin and Cyberonics unveiled LivaNova as the name of their combined company, effective at the close of their proposed merger. The name was chosen through a comprehensive market research process, including participation by employees of both companies worldwide, which produced several thousand proposed names. LivaNova will operate as three business units: Cardiac Surgery, Cardiac Rhythm Management and Neuromodulation, with operating headquarters in Mirandola, Clamart and Houston, respectively. The company will have a presence in over 100 countries around the world with approximately 4,500 employees. Until the closing of the transaction, both companies will continue to operate separately under their current brand names and leadership structures. As previously announced, the transaction is expected to be completed by the end of the third calendar quarter of 2015 and is subject to approval by Cyberonics' stockholders, the receipt of required regulatory clearances, and other customary closing conditions. The cross-border merger of Sorin with and into Livanova plc, the new company that was formed to acquire both Cyberonics and Sorin as part of the proposed merger, was approved by Sorin's shareholders at its extraordinary shareholders' meeting held on May 26, 2015.

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