Wall Street Breakfast: Must-Know News

Japanese chemical manufacturer Asahi Kasei Corp. has agreed to buy Massachusetts-based medical device and software maker Zoll Medical Corp. for about $2.1 billion.

By Stephen Simpson:Great growth stories in med-tech really are a "now you see it, now you don't" proposition, as large rivals either whittle away the growth with competition or buy the company outright. The latter proved to be the fate for ZOLL Medical (ZOLL) as this fast-growing med-tech company accepted an all-cash takeover bid. The Deal

Japan's Asahi Kasei Corp. has agreed to buy Zoll Medical Corp, a Massachusetts-based maker of defibrillators and other critical care medical devices, for about $2.1 billion.

Wall Street Breakfast Editors submit:Top StoriesAetna to buy Coventry Health Care in $7.3B deal. Aetna (AET) has agreed to acquire Coventry Health Care (CVH) in a cash and stock deal worth $7.3B, including the as

Wall Street Breakfast Editors submit:Tyco to merge $4.9B Flow Control unit with Pentair. Tyco's (TYC) Flow Control unit will merge with Pentair (PNR), a provider of fluid-processing solutions,

Japan's Asahi Kasei Corp will buy Zoll Medical Corp for $2.21 billion, or $93 a share, a premium of 24 percent over the medical equipment maker's last closing share price, the two companies said on Monday. ...