DOTmed April 12, 2024
Asensus Surgical Inc., a pioneer in digitizing surgical procedures, has announced a preliminary agreement with KARL STORZ SE & Co. KG, indicating a potential acquisition by the latter.
This nonbinding letter of intent follows Asensus’s exploration of various strategic avenues, including collaborations, licensing, and potential sale scenarios. The agreement, endorsed by Asensus’s board of directors, suggests a buyout of all outstanding shares at $0.35 each, or around $95 million in total.
This prospective acquisition by KARL STORZ hinges on successful due diligence, negotiation of a definitive merger agreement, and subsequent approval by Asensus shareholders. The terms include an exclusivity period, during which Asensus will not seek other transaction avenues, while KARL STORZ conducts its due diligence.
Furthermore, Asensus has secured...
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