Nothing but negotiation

The Gap Partnership

HeartWare completes World Heart Corporation merger

World Heart Corporation has been acquired by HeartWare.

03 August 2012

HeartWare could have recently sought merger and acquisition consultants, as it has completed the purchase of the World Heart Corporation.

The closure of the tie-up was announced yesterday (August 2nd) after World Heart stockholders gave the green light to the transaction.

It has resulted in HeartWare buying all of World Heart's outstanding voting securities for approximately $8 million (£5.15 million), while each World Heart's common stock shares has been converted into 0.003 HeartWare shares.

HeartWare manufactures and develops ventricular assist devices and miniaturised implantable heart pumps that can treat a number of people suffering from advanced heart failure.

"We believe that bolstering our patent portfolio and adding World Heart's technologies broadens our options for the future," president and chief executive officer of HeartWare Doug Godshall said.

He revealed he is pleased with how quickly the acquisition took and the pace of the deal, adding that his firm anticipates "moving quickly to integrate World Heart" into its operations.

Posted by Edel Quinn

Source: HeartWare press release, August 2nd

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more

July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more

April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more

February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more

December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more