Covidien (NYSE: COV) Completes $210M Purchase of Aspect Medical Systems (NASDAQ: ASPM)
Posted on 11/6/2009 8:04:50 PM in #Stocks | 0 comments comments
Covidien PLC (NYSE: COV) said Friday it completed its $210 million purchase of Aspect Medical Systems (NASDAQ: ASPM), a company that makes brain monitoring technology, according to Associated Press. Penny Stock Professor, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Penny Stock Picks. Covidien, the drug and medical device maker, said its tender offer for Aspect stock, which was worth $12 per share, closed at midnight. Aspect, which is headquartered in Norwood, Mass., is now a subsidy of Covidien, which is based in Ireland. Aspect shares were trading at $7.67 when Covidien made its offer, making the company's bid a 56 percent premium. The stock finished at $12.27 on Friday. In aftermarket trading, Aspect shares fell 20 cents to $12.07, and Covidien stock gave up 11 cents to $43.94. Follow us on Twitter: http://www.twitter.com/pennystockspro Sign up for the free Penny Stock Professor newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website. About Us Penny Stock Professor is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below. Please click here to read the full disclaimer. staff@pennystockprofessor.com
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