60%-Share Buy OKd by CardioDynamics

Medical products maker CardioDynamics International Corp. said Tuesday that it intends to let DaVinci Scientific Corp. acquire 60% of its shares. The shares would be purchased for an unspecified amount of cash, notes and a guarantee of CardioDynamics’ debt. Both companies are based in Irvine.

DaVinci, which specializes in commercializing emerging medical products and technologies, has agreed to immediately advance operating funds to CardioDynamics and to repay some of its debt. The agreement is subject to approval by CardioDynamics shareholders.

In connection with the agreement, G. Robert Tatum and H. Stephen Cookston were elected to CardioDynamics’ board of directors. Tatum was also appointed chief executive officer, and Cookston was appointed president.