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More good news for Synovis (SYNO) shareholders, as FQ4 earnings rose a better-than-expected 83%,...

More good news for Synovis (SYNO) shareholders, as FQ4 earnings rose a better-than-expected 83%, continuing the medical device company's streak of double-digit sales growth. Sales of its Peri-Strips for gastric bypass surgery, the biggest contributor to its top line, climbed 28%. Yesterday, SYNO agreed to be acquired by Baxter (BAX) for $28/share.
Comments (1)
  • The management was remiss in not opening up the bidding for all to see. They could have gotten $35.00 plus from other companies. Shareholders were screwed.
    15 Dec 2011, 09:10 AM Reply Like
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