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CSII - Why Cardiovascular Systems Stock Is Soaring Today
Cardiovascular Systems Inc.
Shares of Cardiovascular Systems (NASDAQ: CSII) are up big today. Specifically, the medical technology company's stock is up by a noteworthy 48.7% as of 10:44 a.m. ET Thursday morning.
Cardiovascular Systems' stock is jumping in response to a buyout agreement with Abbott Laboratories (NYSE: ABT) . Per the terms of the deal, Abbott has agreed to pay $20 per share for Cardiovascular Systems for a total deal value of approximately $890 million.