Volcano Corp., the medical-device maker born in the Sacramento area but moving scores of jobs to Costa Rica, agreed to a $1.2 billion takeover Wednesday under pressure from unhappy shareholders.
Now based in San Diego, Volcano said it is being sold to Dutch electronics conglomerate Philips for $1.2 billion, or $18 a share. The announcement sent Volcano’s stock price up 55 percent on the day, closing at $17.84 on the Nasdaq market.
Help employers find you! Check out all the jobs and post your resume.
Now based in San Diego, Volcano said it is being sold to Dutch electronics conglomerate Philips for $1.2 billion, or $18 a share. The announcement sent Volcano’s stock price up 55 percent on the day, closing at $17.84 on the Nasdaq market.
Help employers find you! Check out all the jobs and post your resume.
