PillCam Maker Given Imaging to Be Bought by Covidien

Hospital Equipment Maker to Pay $860 Million

Dec. 8, 2013 7:20 p.m. ET

Given Imaging Ltd., a maker of ingestible pills that take photos inside patients' bodies, agreed Sunday to be acquired by Covidien PLC for $860 million.

Covidien will pay $30 a share, a nearly 27% premium to Given Imaging's share price of $23.65 in 4 p.m. Nasdaq trading Friday.

Dublin-based Covidien said it would use cash on hand to pay...

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