C.R. Bard Inc. (BCR) announced Sunday that it has agreed to be acquired by Becton, Dickinson and Company (BDX) for $317.00 per share in cash and stock, approximately $24 billion.
C.R. Bard also reported first quarter EPS of $2.87, which surpassed the consensus estimate of $2.65.
C.R. Bard has gapped open dramatically higher Monday morning and is now up 50.84 at $303.91 with volume at a 3-month high. The stock has soared to a new high for the year.
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