Will Acquisition By Royal Philips Electronics N.V. Save Volcano Corporation?

After coming under fire from shareholders for stagnating growth, intravascular imaging firm Volcano Corp. hopes to right the ship by selling out to Philips. In late September, a group of Volcano Corp. shareholders castigated the company’s management and demanded Volcano bring its financials in-line by reigniting growth, streamlining costs, and bringing the business closer to profitability. The message must have gotten through loud and clear, as Volcano’s management may be positioned to accomplish all three goals by selling the company to Royal Philips for $1.2 billion.

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