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Why Apria Stock Is Skyrocketing Today

TheMotleyFool

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Shares of home healthcare equipment provider Apria (NASDAQ: APR) were skyrocketing 26.2% higher as of 12:05 p.m. ET on Monday. The huge jump came after Owens & Minor (NYSE: OMI) announced plans to acquire Apria for around $1.45 billion.

Owens & Minor offered $37.50 in cash per share for Apria. That's a 26% premium to the price of Apria's shares at the market close on Friday, and a 24% premium over Apria's 30-day volume-weighted average price. It's also only slightly below the all-time high for the healthcare stock.

Image source: Getty Images.

Source Fool.com

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