Natus Medical Surged Nearly 30% in Morning Trading after Being Taken Private by ArchiMed for $1.2 Billion

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Natus Medical Surged Nearly 30% in Morning Trading after Being Taken Private by ArchiMed for $1.2 Billion

Tiger Newspress2022-04-18

Natus Medical surged nearly 30% in morning trading after being taken private by ArchiMed for $1.2 billion."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," said Joshua Levine, chairman of Natus.

The transaction is expected to close in the third quarter and has fully committed equity financing from funds affiliated with ArchiMed, the companies said. Natus may still solicit proposals from third parties for a period of 30 days.

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