Invacare offers to buy Healthdyne
This article was originally published in Clinica
Invacare wants to take over Healthdyne Technologies and is offering $12.50 a share in cash, valuing Healthdyne at some $158 million. The price offered by Invacare represents a premium of 40% over the share price on December 31st, 1996. Healthdyne says it will not consider the offer until its board meeting in February. The share price before the offer was made public was $9.25 and reached $13.25 by the close of January 13th.