Haemonetics Corp. (HAE) announced Monday morning that it entered into a definitive agreement to acquire Global Med Technologies Inc. for approximately $60 million in a cash tender offer.
Haemonetics Corp. gapped down slightly Monday and has since fallen sharply lower on above average volume. Shares are now down 2.95 at $53.66. The stock has dropped to a 2-month low and has fallen below both its 50 and 200-day moving averages.
For comments and feedback: editorial@rttnews.com