Boston Scientific Corporation (NYSE:BSX) purchases the privately-held Rhythmia Medical, which is a developer of mapping and navigation solutions for use in cardiac catheter ablations and other electrophysiology procedures. Included in the transaction is a $90 million upfront payment and as much as $175 million in milestone-based payments.
The wrangling between BP (NYSE:BP) and its Russian billionaire partners in TNK-BP takes on a new twist as AAR, representing the partners, wants to divest its 50 percent interest in the joint venture either to a third party or to sell some of the shares in an initial public offering. For its part, AAR said Monday that such a move would afford it more flexibility should BP divest its 50 percent to Rosneft Oil Co. (RNFTF.PK).
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Prospective suitors include Liberty Media Corporation (NASDAQ:LMCA) for the sports and entertainment company AEG, which Anschutz wants to sell in one piece, thus keeping the management in place. The latter anticipates offers of about $10 billion, according to Reuters. If realized, such a figure would top the $6 billion to $8 billion that was mooted in September and given the desire of avoiding a break-up, would complicate the sale.