NTUS - Why Natus Medical Stock Surged Today
Shares of Natus Medical (NASDAQ: NTUS) jumped 28.6% on Monday after the healthcare device maker struck a deal to be acquired by an affiliate of investment firm ArchiMed.
The deal values Natus at roughly $1.2 billion. If completed, shareowners would receive $33.50 in cash for each Natus share they own. That's 29% above the stock's closing price on Thursday.
Natus chairman Joshua Levine said in a press release, "The sale of Natus to ArchiMed will provide our shareholders with immediate and substantial cash value, as well as a compelling premium, and the board has unanimously agreed that this transaction is in the best interests of our shareholders."
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Why Natus Medical Stock Surged Today