Shares of healthcare company Orthofix Medical (NASDAQ:OFIX) are rising today after it received a non-binding indication of interest for a takeover from two private equity names at $23 a share.
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While the offer is subject to customary due diligence, financing, and approvals, the company’s Board remains in favor of its announced merger with SeaSpine (NASDAQ:SPNE).
OFIX shares have now climbed 13% over the past month.
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