Avanos Medical, Travere Therapeutics, Globalstar And Other Big Stocks Moving Higher On Tuesday

Avanos Medical, Travere Therapeutics, Globalstar And Other Big Stocks Moving Higher On Tuesday

U.S. stocks were higher, with the Dow Jones index gaining over 200 points on Tuesday. Shares of Avanos Medical Inc (NYSE:AVNS) rose sharply following the announcement of the going-private deal. American Industrial Partners will buy the medtech company in an all-cash transaction at an enterprise value of approximately $1.272 billion. Avanos Medical shares surged 69% to $24.55 on Tuesday. Here are some other big stocks recording gains in today’s s…

Avanos Medical, Inc. Agrees To Be Acquired by American Industrial Partners for Approximately $1.272 Billion

/PRNewswire/ -- Avanos Medical, Inc. (NYSE: AVNS), a leading medical technology company, today announced it has entered into a definitive agreement to be...

AIP agrees $1.27bn take-private of Avanos Medical

American Industrial Partners (AIP) has struck a deal to acquire Avanos Medical in a take-private transaction valued at roughly $1.27bn, reflecting the firm’s focus on scaling healthcare platforms with differentiated product portfolios, according to a report by Reuters. The agreement, announced on Tuesday, prompted a sharp rally in Avanos shares in premarket trading, with the stock climbing by close to 68%. Headquartered in Alpharetta, Georgia, A…

AIP to acquire Avanos Medical for $1.27bn

Avanos Medical is to be acquired by affiliates of AIP in an all-cash transaction that values the company at an enterprise value of $1.27bn.The post AIP to acquire Avanos Medical for $1.27bn appeared first on Medical Device Network.