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Article: Warsaw, Ind.-Based DePuy Inc. to Issue Stock to Finance Acquisitions.(Originated from The News-Sentinel, Fort Wayne, Ind.)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 27, 1996
- Author:
CopyrightCOPYRIGHT 1996 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORT WAYNE, Ind.--Sep. 27--Warsaw orthopedic implant maker DePuy Inc. is preparing to issue stock to finance further expansions.
In documents filed this week with the Securities and Exchange Commission, the company outlined plans to issue an unspecified amount of stock to finance further acquisitions.
The company could not comment this morning on the size of the issue or when the stock sale might occur.
DePuy currently is part of Corange Ltd., a London-based health-care products company. After the public sale, Corange would retain at least 65 percent control of DePuy, according to the SEC filing.
In the filing, DePuy said it is one of the top ...
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