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Colfax Corp (CFX.N)

CFX.N on New York Stock Exchange

22.27USD
4:59pm GMT
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$0.15 (+0.68%)
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Mon, Nov 19 2018

Colfax churns its business with $3.15 billion purchase of medical device maker

Colfax Corp made a big bet on the medical device industry with its $3.15 billion purchase of DJO Global Inc, but its shares fell 15.2 percent as investors worried about its shift away from its industrial roots to a completely new sector.

Colfax churns its business with $3.15 billion purchase of medical device maker

Colfax Corp made a big bet on the medical device industry with its $3.15 billion (2.5 billion pounds) purchase of DJO Global Inc, but its shares fell 15.2 percent as investors worried about its shift away from its industrial roots to a completely new sector.

UPDATE 3-Colfax churns its business with $3.15 bln purchase of medical device maker

Nov 19 Colfax Corp made a big bet on the medical device industry with its $3.15 billion purchase of DJO Global Inc, but its shares fell 15.2 percent as investors worried about its shift away from its industrial roots to a completely new sector.

Colfax to buy DJO Global in $3.15 bln deal

Nov 19 Industrial equipment maker Colfax Corp said on Monday it would acquire medical device maker DJO Global Inc from private equity funds managed by Blackstone Group for $3.15 billion in cash.

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