Somanetics Soars On Acquisition News

Somanetics Corporation

has jumped 31.43% in early morning trade on news of the company being acquired by Covidien Plc

The maker of cardiac surgery equipment SMTS is being acquired in a $250 million deal, or $25 a share in cash. The deal price represents a 32% premium to SMTS’ yesterday closing price. SMTS’ shares are trading at $24.84, reflecting a 31.43% gain. Read more

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