CONMED CorporationCNMD
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Report of takeover interest from private equity shops, with Conmed exploring a possible sale.
Impact on stocks 1
Health Care
CONMED CorporationConmed soared 10% in after-hours trading on a report that the medical technology company is exploring options, including a possible sale, amid interest from private equity shops. Conmed is working with advisers as it evaluates its options, according to a Bloomberg report that cited people familiar with the matter. Deliberations are ongoing, and there is no certainty any deal will happen. Conmed, which has a market value of about $1 billion, declined to comment to Bloomberg. The company is set to report second-quarter results on July 29, and its shares have dropped 28% over the past year.
CONMED CorporationReport of takeover interest from private equity shops, with Conmed exploring a possible sale.