Inari Medical shares are trading lower after the company reported Q3 results and announced it will acquire LimFlow for $250 million in cash.
Portfolio Pulse from Benzinga Newsdesk
Inari Medical has reported its Q3 results and announced plans to acquire LimFlow for $250 million in cash. This has led to a decrease in Inari Medical's share price.
November 02, 2023 | 4:23 pm
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Inari Medical's stock price has fallen following the announcement of its Q3 results and its plan to acquire LimFlow for $250 million in cash.
The drop in Inari Medical's stock price is likely due to the announcement of its Q3 results and its plan to acquire LimFlow for $250 million in cash. The acquisition could be seen as a significant expenditure, which may have led to investor uncertainty and a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100