March 14, 2008 – Specialized Health Products International Inc. has signed an agreement to be acquired for $68.4 million in cash, or $1.00 per share, by C. R. Bard Inc.
The transaction price represents a premium of 20 percent to Specialized Health Products stockholders based upon an average closing price of $0.83 for the last 30 trading days.
The transaction value of $68.4 million represents a multiple of 3.6 times Specialized Health Products’ 2007 revenue and 16.2 times 2007 EBITDA (earnings before interest, taxes, depreciation and amortization).