Asahi Kasei acquires Zoll Medical

JIJI

Asahi Kasei Corp. said Monday it has completed its tender offer to acquire Zoll Medical Corp., gathering some 93.8 percent of all the outstanding shares of the Chelmsford, Massachusetts-based medical equipment maker.

The offer, which began March 26, expired Friday.

In a subsequent offering period until the end of U.S. local time Wednesday, the diversified chemical maker hopes to acquire the remaining shares, it said.

The total acquisition cost is estimated at $2.21 billion.

Asahi Kasei has been in talks with Zoll on the deal since it began selling Zoll’s automated external defibrillator in Japan last August.