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ICU Medical Inc. (ICUI), the San Clemente, California-based producer of intravenous medical equipment, is weighing a sale that may fetch more than $1 billion, said people familiar with the matter. The shares jumped. ICU is working with JPMorgan Chase & Co. (JPM) on finding suitors, according to the people, who asked not to be named as the process is private. Deliberations are in the early stages and the company is still gauging interest, the people said.mong the chief beneficiaries of a sale could be Chief Executive Officer George Lopez, the founder and ICU’s top holder with an 11 percent stake, according to data compiled by Bloomberg. ICU got its start almost 30 years ago, when Lopez began working on a device to prevent IV lines from accidentally disconnecting, the corporate website shows.
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