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Stock impact report

Hellman & Friedman Explores Potential Cordis Sale at Up to $10 Billion [Yahoo! Finance]

KKR & Co. Inc. (KKR) 
Last kkr & co. inc. earnings: 1/31 06:50 am Check Earnings Report
US:NYSE Investor Relations: ir.kkr.com
Company Research Source: Yahoo! Finance
cardiovascular medical device company focused on stents and related procedural products. The private equity firm is working with advisers to test buyer interest and is said to be targeting a valuation of more than $9 billion to as much as $10 billion, though discussions are still at an early stage and a sale is not assured. KKR & Co. ( NYSE:KKR ) is also a backer of Cordis, while representatives for Hellman & Friedman and KKR declined to comment, and a spokesperson for Cordis did not immediately respond. Warning! GuruFocus has detected 4 Warning Sign with DB. Is JNJ fairly valued? Test your thesis with our free DCF calculator. Sources indicated that roughly half a dozen publicly traded medical device companies are assessing potential bids, suggesting early-stage strategic interest across the sector. Cordis has a long ownership history spanning roughly 70 years, with past owners including Johnson & Johnson ( NYSE:JNJ ) and Cardinal Health ( NYSE:CAH ). Hellman & Friedman acquired Show less Read more
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