It’s inadvisable to use the same wound dressing more than once. If buyout groups eyeing ConvaTec hope to pull off the same trick as its previous owners, they might have a festering lesion on their hands, says LiamWardProud:
Shares in ConvaTec rose 9 percent on March 26, after Swedish business newspaper Dagens Industri reported that several parties are considering a buyout of the UK medical-device maker.
The report, which cited anonymous sources, named Swedish private equity firm EQT as a potential bidder. ConvaTec’s shares were down 39 percent in the six months before the report. The group was valued at 1.46 pounds per share at 0850 GMT on March 26.
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