SANTA BARBARA, Calif. (AFX) - Mentor Corp., a supplier of medical products like breast implants, on Friday sold its surgical urology and clinical and consumer health care business units to Coloplast A/S, a Danish company, for $463 million.
The two companies were in public negotiations for several months.
Shares of Mentor rose $1.26, or 3 percent, to close at $43.01 on the New York Stock Exchange. The stock has traded in a 52-week range of $37.25 to $56.65.
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