CR Bard Opens at $303.65

Shares of CR Bard opened today at $303.65. That’s a nice increase of $50.58 over Friday’s close.

Going by Friday’s close for BDX, the buyout price for BCR is $317.

As I write this (at 11 am), BCR is at $304.52 while shares of BDX are currently down about 3.7% to $178.49. Since part of the deal is in BDX shares, that drops the buyout price down to $313.55. Note that shares of acquirers typically drop after a deal is announced.

That means that BCR (at $304.52) is going for 2.88% below its buyout price. That’s not a big surprise since the deal is probably about six months from closing. There’s also probably a small discount priced in if the deal falls apart. That’s possible but very unlikely.

Posted by on April 24th, 2017 at 11:04 am


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