Volcano to be Acquired by Philips for $1.2 Billion

San Diego – December 19, 2014 – Cooley is advising Volcano Corp on its $1.2 billion sale to Royal Philips NV. The transaction, subject to regulatory approval, is expected to close in the first quarter of 2015.

Volcano is a leading, San Diego-based company focused on improving patient and economic outcomes on a global basis by developing and delivering innovative minimally invasive coronary and peripheral visualization, physiology diagnostics and therapies. Royal Philips is an Amsterdam-based diversified health and well-being company focused on improving people's lives through meaningful innovation in the areas of healthcare, consumer lifestyle and lighting.

The Cooley M&A team advising Volcano was led by partner and head of the M&A practice group, Barbara Borden, and included partner Matthew Browne, partner elect Rama Padmanabhan and associates Ben Beerle and Jon Russo.

Critical support for the transaction was provided by partner Jacqueline Grise (antitrust); and special counsel Michelle Lara (compensation and benefits).

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