March 8, 2018 / 8:33 AM / in 7 months

BRIEF-Livanova Enters Agreement To Divest Cardiac Rhythm Management Business To Microport Scientific Corp

March 8 (Reuters) - Livanova Plc:

* LIVANOVA ENTERS INTO DEFINITIVE AGREEMENT TO DIVEST ITS CARDIAC RHYTHM MANAGEMENT BUSINESS FRANCHISE TO MICROPORT SCIENTIFIC CORPORATION

* LIVANOVA AND MICROPORT EXECUTED AND DELIVERED PURCHASE AGREEMENT, PURSUANT TO TERMS OF A BINDING LETTER OF INTENT,

* ‍TRANSACTION IS EXPECTED TO CLOSE IN Q2 OF 2018​

* SAYS DEAL FOLLOWS SUCCESSFUL COMPLETION OF WORKS COUNCIL INFORMATION AND CONSULTATION REQUIREMENTS IN FRANCE Source text for Eikon: Further company coverage:

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