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Cogentix Medical Inc. (CGNT) Jumped To A New High 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 gapped open sharply higher Monday, but moved in a narrow range throughout the session. Shares finished with a gain of 0.45 at $3.82 on the highest volume of the year. The stock jumped to a new high for the year.

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