Powered by

OSI Systems could be cleared for future X-ray space deals

Jun 21, 2016 - The Deal Pipeline
Mergers and Acquisitions

Defense and health care technology manufacturer OSI Systems Inc (OSIS) said Tuesday that it will acquire Billerica, Mass.-based American Science and Engineering Inc. (ASEI) for $37 per share in cash, or $269 million. 

The Hawthorne, Calif.-based buyer said the net transaction cost was $187 million after considering the $82 million in cash and cash equivalents AS&E had on hand as of March 31. 

Evercore Partners Inc.'s Tom Stokes, Brendan Pa...