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Analogic Corp. (ALOG) Is Sharply Lower After Bought By Altaris

Analogic Corp. (ALOG) announced after the bell Tuesday that it has agreed to be acquired by an affiliate of Altaris Capital Partners for $84.00 per share in cash, or approximately $1.1 billion.

Analogic has gapped open sharply lower Wednesday morning and is now down 12.87 at $83.17. The stock has dropped below a trading range at the highs of the year and has set a 1-month low.

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