Irvine's Interpore Buys Medical-Device Maker

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Interpore Cross International has agreed to acquire American OsteoMedix, a Virginia maker of minimally invasive medical devices, for more than $20 million in cash and stock, the Irvine company announced Thursday.

Interpore, a medical-device company, said it will pay about $8 million in cash and roughly 2.4 million shares, subject to adjustment. The shares are worth about $12.6 million, based on Interpore's Thursday closing price of $5.23.

Interpore said it expects the transaction to dilute 2001 earnings and add slightly to earnings in 2002.

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