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Cogentix Medical Inc. (CGNT) Is Rising After Bought By LABORIE

Cogentix Medical Inc. (CGNT) announced Monday morning that it has agreed to be acquired by LABORIE Medical Technologies for $3.85 per share in cash, approximately $214 million.

Cogentix Medical has gapped open sharply higher this morning and is now up 0.47 at $3.84 on above average volume. The stock has jumped to a new high for the year.

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