Monday, April 29, 2013

Conceptus Acquired By Bayer

Mountain View-based Conceptus, a developer of non-surgical, permanent birth control devices, has been acquired by Bayer Healthcare, the two announced this morning. According to the two, Bayer HealthCare has signed a merger agreement with COnceptus, where it will pay approximately $1.1 billion, or $31.00 per share in cash, for Conceptus. Bayer said the deal would broaden its portfolio in the field of contraception.