Bloomberg News

MDY Healthcare Board Sees Investment in Medivance Realized

October 26, 2011

Oct. 26 (Bloomberg) -- The board of MDY Healthcare Plc said the company will realize its investment in Medivance Inc. subject to completion of the acquisition of Medivance by C.R. Bard Inc. for about $250 million.

Completion of the transaction is expected to take place this quarter and is conditional on regulatory clearance in the U.S. MDY said in a Regulatory News Service statement today.

MDY will get gross cash of as much as $21 million for a 10.4 percent stake sale in Medivance.

Link to Statement:{NSN LTNSP53HHEDC <GO>}

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net


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