Wall Street Breakfast: Must-Know News

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,

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

CHELMSFORD, Mass. (AP) -- 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....

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.

TOKYO (Reuters) - 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.

TOKYO (Reuters) - Japan's Asahi Kasei Corp said on Monday it will launch a tender offer bid to buy all the shares in medical equipment firm Zoll Medical Corp , based in Massachusetts, for $2.21 billion. Asahi, a maker of chemicals and construction materials, said it will bid $93 per Zoll Medical share through its U.S. subsidiary. The Japanese firm said the acquisition will enable it to expand its medical business into emergency care. (Reporting by Nobuhiro Kubo; Editing by Michael Watson)