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...The company was formed in a 2015 merger of Sorin, an Italian medical device maker, and the US group Cyberonics....
...Piper Jaffray is serving as financial adviser to Cyberonics, and Sullivan & Cromwell is serving as its legal adviser, with Legance advising Cyberonics on Italian law matters....
...At least three tax inversion deals have been reached since the US Treasury action: medical equipment maker Steris said it would buy the UK’s Synergy Healthcare for $1.9bn, Cyberonics took over Italy’s Sorin...
...Four companies – Broadcom, Equinix, Applied Micro Circuits and Cyberonics – said they were the subject of investigations by the Securities and Exchange Commission....
...Among healthcare-related stocks, Cyberonics tumbled 40 per cent to $14.36 after the Food and Drug Administration failed to approve the company's experimental depression treatment....
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