Tyco to purchase U.S. Surgical

June 10, 1998

Tyco International of Hamilton, Bermuda, has signed a definitive agreement to acquire U.S. Surgical of Norwalk, CT, in a deal valued at $3.3 billion. Under the terms of the deal, U.S. Surgical would merge with Tyco's disposable medical products group.

Tyco International of Hamilton, Bermuda, has signed a definitive agreement to acquire U.S. Surgical of Norwalk, CT, in a deal valued at $3.3 billion. Under the terms of the deal, U.S. Surgical would merge with Tyco's disposable medical products group. The acquisition is expected to be accounted for as a pooling of interests and is contingent upon regulatory review and approval by U.S. Surgical shareholders. U.S. Surgical's operations in radiology include its ABBI breast biopsy device. The company acquired ultrasound-guided breast biopsy developer NeoVision last year (SCAN 10/1/97).