Sorin may be open to takeover following end of shareholder pact
Sorin, the listed Italian medical devices company, could be open to takeover after shareholders decided not to renew the shareholder pact, Italian language daily Il Sole 24 Ore reported. The unsourced report said private equity firms could renew their interest in the company after pact members Mittel, Equinox Two, BMPS and Unipol decided not to renew the shareholder pact, which expired yesterday 18 November.
The item noted the pact held 35.7% of Sorin.
The item noted Charterhouse Capital has previously shown interest in Sorin.
Sorin has a market cap of EUR 939m
Source Il Sole 24 Ore