SonoSite Inc. (SONO) is in sale talks with potential buyers
including Samsung Electronics Co. (SSNHY) and has hired J.P Morgan
Chase & Co. (JPM) for advice, Bloomberg News reported Thursday,
citing three people with knowledge of the matter.
The U.S. bedside ultrasound and cardiograph equipment maker is
seeking second-round bids and wants to reach a sale agreement by
mid-December, one of the people told Bloomberg.
"Samsung continuously reviews various business opportunities,"
Jason Kim, a Seoul-based spokesman for the company, told Bloomberg
by telephone. "However, we don't comment on speculation or rumors
about our business."
Marcus Smith, chief financial officer for SonoSite, didn't
immediately return a call requesting comment, while Tasha Pelio, a
J.P. Morgan spokeswoman, declined to comment, according to
Bloomberg.
The company's stock was trading up 19.59% at $36.81 in afternoon
trading.
Full story at
http://www.bloomberg.com/news/2011-11-03/sonosite-said-to-seek-buyers-hold-talks-with-korea-s-samsung.html
-Dow Jones Newswires; 212-416-2900