{"id":26337,"date":"2012-05-03T11:27:00","date_gmt":"2012-05-03T11:27:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/kensey-nash-corporation-knsy-dsm-has-agreed-to-acquire-all-of-the-common-stock-of-kensey-nash\/26337\/"},"modified":"2012-05-03T11:27:00","modified_gmt":"2012-05-03T11:27:00","slug":"kensey-nash-corporation-knsy-dsm-has-agreed-to-acquire-all-of-the-common-stock-of-kensey-nash","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/kensey-nash-corporation-knsy-dsm-has-agreed-to-acquire-all-of-the-common-stock-of-kensey-nash\/26337\/","title":{"rendered":"Kensey Nash Corporation &#8211; KNSY &#8211; DSM has agreed to acquire all of the common stock of Kensey Nash"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2012\/05\/Kensey.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft  wp-image-26345\" title=\"Kensey\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2012\/05\/Kensey.png\" alt=\"\" width=\"292\" height=\"88\"><\/a>Kensey Nash Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=KNSY\">Nasdaq: KNSY<\/a>)<\/strong>, announced that it has entered into a definitive agreement with Royal DSM (DSM) , under which DSM has agreed to acquire all of the common stock of Kensey Nash through a cash tender offer, followed by a merger with a subsidiary of DSM, for $38.50 per share in cash.<\/p>\n<p>&#8220;We are very pleased to have entered into the merger agreement with DSM, as the transaction will deliver significant value to our stockholders.\u00a0 The price to be paid to our stockholders represents a premium of 33% over our closing price on May 2, 2012,&#8221; said Joe Kaufmann, President and Chief Executive Officer.\u00a0 &#8220;When completed, the transaction will also be a great event for our strategic partners, customers and employees. \u00a0DSM is a global Life Sciences and Materials Sciences company with sales around euro 9 billion and 22,000 employees worldwide. Their presence in biomedical materials markets comes from a unique convergence between their expertise in Life Sciences and Materials Sciences. Our employees will benefit from the growth and expansion that DSM envisions will occur from this combination of capabilities and resources,&#8221; Mr. Kaufmann added.<\/p>\n<p>Walter Maupay, Jr., Chairman of the Board said, &#8220;The Board of Directors unanimously concluded that this transaction is in the best interests of Kensey Nash and its stockholders.\u00a0 We believe this is a very positive outcome for our stockholders and maximizes the value of Kensey Nash&#8217;s regenerative medicine platforms.&#8221;<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p><strong>About Kensey Nash Corporation \u2013 KNSY<\/strong><\/p>\n<p>Kensey Nash (KNSY) is a medical device company primarily focused on regenerative medicine utilizing its proprietary collagen and synthetic polymer technology.\u00a0 Kensey Nash (KNSY) is recognized as a leader for innovative product development and unique technology in the field of resorbable biomaterials.\u00a0 Kensey Nash (KNSY) has an extensive range of products, which are sold through strategic partners in multiple medical markets, including the cardiology, orthopaedic, sports medicine, spine, trauma, craniomaxillofacial and general surgery markets.<\/p>\n<p><strong>About DSM \u2013 Bright Science. Brighter Living.\u2122 <\/strong><\/p>\n<p><strong><\/strong>Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM&#8217;s 22,000 employees deliver annual net sales of around \u20ac9 billion. The company is listed on <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nyse\/today.aspx\">NYSE<\/a> Euronext.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/geoeye-inc-geoy-proposes-acquisition-of-digitalglobe\/26454\"><br \/>\nGeoEye Inc. &#8211; GEOY &#8211; Proposes Acquisition Of DigitalGlobe<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/consolidated-edison-ed-first-quarter-results-were-in-line-with-expectations\/26453\"><br \/>\nConsolidated Edison &#8211; ED &#8211; First quarter results were in line with expectations<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/alon-usa-energy-alj-first-quarter-results-reflect-improvement-in-refining-margins\/26450\"><br \/>\nAlon USA Energy &#8211; ALJ &#8211; First quarter results reflect improvement in refining margins<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/lumos-networks-corp-lmos-focused-on-providing-the-highest-level-of-quality-customer-service\/26452\"><br \/>\nLumos Networks Corp. &#8211; LMOS &#8211; Focused on providing the highest level of quality customer service<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/northwest-natural-gas-company-nwn-solid-results-in-the-quarter\/26451\"><br \/>\nNorthwest Natural Gas Company &#8211; NWN &#8211; Solid results in the quarter<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-sharply-lower-on-disappointing-jobs-data\/26435\"><br \/>\nStocks Sharply Lower on Disappointing Jobs Data<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-prices-in-green-silver-prices-sharply-lower\/26434\"><br \/>\nGold Prices in Green; Silver Prices Sharply Lower<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kensey Nash Corporation (Nasdaq: KNSY), announced that it has entered into a definitive agreement with Royal DSM (DSM) , under [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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