CANTEL MEDICAL CORP. (NYSE: CMD) announced today that it has completed its previously announced acquisition of Hu-Friedy Mfg. Co LLC, a 111-year-old global leading manufacturer of instruments and instrument reprocessing workflow systems serving the dental industry. The purchase price payable at closing for the acquisition consisted of 751,471 shares of Cantel common stock and $665 million in cash, subject to customary adjustments. As previously disclosed, the transaction structure is anticipated to result in tax benefits to Cantel presently valued at more than $100 million.
Source: PR Newswire