Augmedix To Be Acquired By Commure In An All-cash Transaction That Values Company At Approximately $139M In Equity Value
Portfolio Pulse from Benzinga Newsdesk
Augmedix is set to be acquired by Commure in an all-cash transaction valuing the company at approximately $139 million in equity value.
July 19, 2024 | 11:06 am
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Augmedix will be acquired by Commure in an all-cash transaction valued at $139 million in equity value. This acquisition could lead to a short-term increase in AUGX's stock price due to the premium typically paid in such deals.
The acquisition by Commure is likely to result in a premium being paid for Augmedix's shares, which typically leads to a short-term increase in the stock price. The all-cash nature of the deal provides certainty to investors.
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