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ABC

USA Today

Updated: 14 hrs ago

ABC- Royal Philips NV says it will pay $1.2 billion for U.S. medical equipment maker Volcano Corp., a deal that would beef up its presence in technology which allows doctors to see inside patients' hearts and veins. In an agreement backed by Volcano's management, Philips will offer $1 billion for Volcano stock, or $18 per share, a 57 percent premium to its closing price Tuesday of $11.49. Comment?
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