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Analogic Corp. (ALOG) Dropped Sharply 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 gapped open sharply lower Wednesday, but traded in a range throughout the day. The stock closed down by 12.70 at $83.35 on the highest volume of the year. Analogic fell to over a 1-month low.

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