Covidien (NYSE: COV) Completes $210M Purchase of Aspect Medical Systems (NASDAQ: ASPM)
Rochester, NY 11/07/2009 02:35 PM GMT (TransWorldNews)
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
www.pennystockprofessor.com
Email Article to a friend
|
View Profile
Visit Blogs
|
NEWS ALERTS
Receive alerts for
Penny Stock Professor
to your inbox.
Sign up for TransWorldNews Alerts
TransWorldNews, Inc. and its affiliate sites disclaim all liability for information and content provided by clients and appearing within their news and press releases.
