Covidien To Buy Oridion Systems For $23/Share

by Benzinga Staff
April 5, 2012 5:15 AM | 18 seconds read | Make a Comment

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Oridion Systems Ltd (OTC: ORDNF) agreed to be bought by Covidien PLC (NYSE: COV) for around $300 million in cash.Covidien will pay $23 per Oridion share, representing a 72% premium to Oridion's closing price of $13.40 on Wednesday. The deal is expected to close in the second quarter.Oridion shares closed at $13.40 yesterday, while COV shares closed at $53.82 yesterday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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