Corin to be acquired by Italian Ortho Manufacturer for $48M

Corin set for £30.5m takeover (Insider Media)
Italian consortium 2IL Orthopaedics Ltd has made an offer of £30.5m to acquire orthopaedics manufacturer Corin.
The Cirencester-based business revealed last week it was in "advanced discussions" about a possible takeover with 2IL, a newly incorporated business formed for the purpose of the acquisition.
The deal is to be funded through the existing cash resources of the 2IL shareholders.
Once the deal is declared unconditional, Stefano Alfonsi will be appointed chief executive with current executive chief Peter Huntley leaving the business after ass...