Japan's Asahi Kasei Corp will launch a tender offer bid to acquire Zoll Medical Corp, a U.S. medical equipment firm, for up to 100 billion yen ($1.2 billion), the Nikkei business daily reported on Monday. The maker of chemicals and construction materials will be holding a press conference at 0730 GMT, which will be attended by Taketsugu Fujiwara, the president of Asahi Kasei Corp, .
ZOLL Medical Corporation (ZOLL) develops and markets medical devices and software solutions that help emergency care and save lives. Shares of ZOLL remained unchanged at $75.10. In the past year, the shares have traded as low as $33.84 and as high as $76.22. On average, 254269 shares of ZOLL exchange hands on a given day and today's volume is recorded at 0.
Source
