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home / articles / SRDX - Why Is Medical Coating Specialist Surmodics Trading Higher On Wednesday? | Benzinga

SRDX - Why Is Medical Coating Specialist Surmodics Trading Higher On Wednesday? | Benzinga

Surmodics Inc.

Private equity firm GTCR agreed to acquire medical device coating company Surmodics Inc (NASDAQ:SRDX) for approximately $627 million, or $43 per share.

The per-share acquisition price represents a 41.1% premium to Surmodics’ 30-trading day volume-weighted average closing price through May 28.

Surmodics’ board unanimously approved the cash deal. It also recommended ...

Full story available on Benzinga.com
Stock Information
Company Name: Surmodics Inc.
Stock Symbol: SRDX
Market: NASDAQ
Website: surmodics.com
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