ITALY - Cornell Capital bids for medical technology business

Marco Prete of Cornell is understood to have said his firm presented an alternative offer to the existing six bids already on Sorin's table. Apparently, the plan of the private equity firm includes the option for the company to remain quoted, as opposed to the other offers, classed by Prete as traditional take-privates.

The existing bidders are said to be Apax Partners and Bain Capital as well as sector players Edwards, St Jude Medical and Johnson & Johnson.

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• Buyouts
• Southern Europe