December 22, 2008 - Medtronic Inc. today said it acquired the remaining 1.5 million shares of CryoCath Technologies Inc. so it is now 100 percent owned by Medtronic.
Medtronic exercised its right to compulsorily acquire the CryoCath shares under Section 51 of the Companies Act (Québec). The compulsory acquisition followed an offer dated October 3, 2008 for all of the CryoCath shares at a price of Cdn. $8.75 per CryoCath share, which had been accepted by shareholders holding approximately 96.3 percent of the CryoCath shares.
