KARL STORZ To Acquire All Outstanding Shares Of Asensus Surgical For $0.35 Per Share In Cash
Portfolio Pulse from Benzinga Newsdesk
KARL STORZ is set to acquire Asensus Surgical for $0.35 per share in cash, representing a significant premium over recent stock prices. The merger aims to create a leading surgical robotics division within KARL STORZ.
June 07, 2024 | 12:46 pm
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KARL STORZ will acquire Asensus Surgical for $0.35 per share in cash, a 67% premium over the April 2, 2024 closing price and a 52% premium over the last trading day's closing price. The merger has been unanimously approved by Asensus' Board of Directors.
The acquisition price represents a significant premium over recent stock prices, which is likely to drive the stock price up in the short term. The unanimous approval by the Board of Directors further solidifies the likelihood of the merger proceeding.
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