C. R. Bard, Inc.signed a definitive agreement to acquire Specialized Health Products International Inc.


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C. R. Bard, Inc. (NYSE: BCR) signed a definitive agreement to acquire Specialized Health Products International Inc. (OTCBB: SHPI) from Galen Partners L.P. and other stockholders for approximately $68.4 million in cash on March 10, 2008. C. R. Bard offered to pay $1 per share of SHPI. The transaction price represents a premium of 20% to SHPI stockholders based upon an average closing price of $0.83 for the last 30 trading days. Certain stockholders and officers of the SHPI holding approximately 29% of the outstanding shares of common stock of the SHPI entered into a voting agreement with C. R. Bard, in which such stockholders and officers agreed to vote their respective shares in favor of the merger.