Rochester Medical Corp. (ROCM) announced Wednesday morning that it agreed to be acquired by C. R. Bard Inc. (BCR) for $20 per share, or approximately $262 million. The transaction is expected to close in the fourth calendar quarter of 2013.
Rochester Medical gapped open dramatically higher Wednesday, but moved in a narrow range throughout the session. Shares finished up by 6.10 at $19.91 on the highest volume of the year. The stock jumped to a new high for the year.
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