mergers and acquisitions

EnteroMedics makes acquisition

EnteroMedics Inc., St. Paul, announced that it has acquired BarioSurg Inc., based in Lake Forest, Calif. BarioSurg makes the Gastric Vest System, an investigational, minimally invasive, laparoscopically implanted medical device being studied for weight loss in morbidly obese patients.

EnteroMedics, a medical device company that treats obesity and metabolic diseases, will use 1.38 million common shares, 1 million conditional convertible preferred shares and $2 million in cash for the acquisition.


ASV Holdings Inc., Grand Rapids, Minn., said that the underwriters of its recently completed initial public offering have exercised their over-allotment option in full by purchasing an additional 570,000 common shares from ASV Holdings LLC, which is a stockholder of the company and subsidiary of Terex Corp., at a price of $7 per share, less underwriting discounts and commissions. The company did not receive any proceeds from the sale of the shares. Roth Capital Partners acted as sole book-running manager for the offering. Seaport Global Securities LLC acted as co-lead manager for the offering.