India, April 14 -- Avanos Medical (AVNS) has entered into a definitive agreement to be acquired by affiliates of American Industrial Partners, an operationally-oriented industrials investor, in an all-cash transaction that values Avanos at an enterprise value of approximately $1.272 billion. Avanos stockholders will receive $25.00 per share in cash for each share of common stock they own.
Upon completion, Avanos will become a private company and Avanos common stock will no longer be listed on the NYSE. Also, Avanos has postponed its 2026 Annual Meeting of Stockholders.
In pre-market trading on NYSE, Avanos Medical shares are up 68.0 percent to $24.40.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Conte...