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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?

To: BigKNY3 who wrote (4572)	7/23/1998 10:01:00 PM
From: flickerful	Respond to of 9523

the latest release on american medical sale. Wednesday July 22, 6:24 pm Eastern Time <<Pfizer to sell American Medical Systems for $130 million>> NEW YORK, July 22 (Reuters) - Pfizer Inc (PFE - news). said Wednesday it has agreed to sell its urological devices maker American Medical Systems to E.M. Warburg, Pincus & Co., a private equity investment firm, for $130 million. American Medical Systems, part of Pfizer's Medical Technology Group, makes devices for the treatment of erectile dysfunction, urinary incontinence, and benign prostatic hyperplasia. It reported sales of $90 million in 1997. Pfizer also said it is continuing to explore strategic options for Howmedica, its remaining Medical Technology Group unit, but no decision has been taken.