UPDATE 3-Colfax churns its business with $3.15 bln purchase of medical device maker
November 19, 2018 at 17:07 PM EST
Colfax Corp made a big bet on the medical device industry with its $3.15 billion purchase of DJO Global Inc, but its shares fell 15.2 percent as investors worried about its shift away from its industrial roots to a completely new sector.