RTTNews | Jul 30, 2021 10:56AM EDT

10:55 Friday, July 30, 2021 (RTTNews.com) - Shares of minimally invasive therapeutic ultrasonic technologies and regenerative medicine provider Misonix, Inc. (MSON) are up more than 11% Friday morning at $26.45.

Thursday the company announced its decision to be bought by Bioventus Inc. (BVS) in a cash-and-stock transaction valued about $518 million.

As per the deal, Misonix stockholders can choose to receive either 1.6839 shares of Bioventus class A common stock or $28 in cash, for each Misonix share they hold.

The transaction is expected to close in the fourth quarter of 2021.

MSON touched a new high of $26.86 this morning.

Read the original article on RTTNews ( https://www.rttnews.com/3214292/misonix-up-10-on-news-of-acquisition-by-bioventus.aspx)

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