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    Monday, November 09, 2009

    Sonova Holding To Buy Advanced Bionics For $489M

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    By Sarah Turner
    MarketWatch Pulse
       

      LONDON -- Hearing-aid maker Sonova Holding said Monday that it that will buy Advanced Bionics Corporation for $489 million in cash. Advanced Bionics is a global leader in developing and manufacturing cochlear implant systems. The transaction is expected to be accretive to earnings per share before transaction-related amortization in the second full year after closing.

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