Nordson Enters Definitive Deal To Acquire Atrion For $460.00 Per Share In Cash
Portfolio Pulse from Benzinga Newsdesk
Nordson has entered a definitive agreement to acquire Atrion for $460.00 per share in cash, valuing the transaction at approximately $800 million. Atrion, a manufacturer of proprietary medical products, generated $169 million in annual revenue in 2023. The deal is expected to close before Nordson's fiscal year-end 2024.
May 28, 2024 | 11:02 am
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Atrion is being acquired by Nordson for $460.00 per share in cash, valuing the transaction at approximately $800 million. This acquisition is expected to close before Nordson's fiscal year-end 2024.
The acquisition price of $460.00 per share represents a significant premium for Atrion shareholders. The deal's completion will likely result in a short-term increase in Atrion's stock price as investors react to the premium offer.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Nordson has agreed to acquire Atrion for $460.00 per share in cash, with the transaction valued at approximately $800 million. The deal is expected to close before Nordson's fiscal year-end 2024.
The acquisition of Atrion is a strategic move for Nordson, potentially expanding its product portfolio and market reach in the medical products sector. This could positively impact Nordson's stock price in the short term as investors anticipate growth opportunities.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90