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SonoSite Is Said to Seek Buyers, Hold Talks With Samsung

SonoSite Inc., a U.S. bedside ultrasound and cardiograph equipment maker, is up for sale and in talks with potential buyers including Samsung Electronics Co., said three people with knowledge of the matter. The stock jumped the most in 13 years.

SonoSite, with a market value of $427 million as of yesterday, hired JPMorgan Chase & Co. to advise it on a possible sale, said the people, who declined to be identified because the talks are private. SonoSite, based in Bothell, Washington, is asking for second-round bids and aims to reach a sale agreement by mid-December, one of the people said.