Market Chatter: Conmed Shares Rise After Company Mulls Sale Amid Takeover Interest
MT Newswires Live
Jul 14
Conmed (CNMD) shares were up 10% in Monday trading after Bloomberg Law reported that the company is exploring options including a potential sale amid takeover interest from private equity firms.
The company is working with its advisers as it weighs its options, Bloomberg said Saturday, citing people familiar with the matter.
Conmed did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.