MediWound Stock Jumps on Solventum’s $34-Per-Share Buyout Offer

Posted on July 5, 2024 by angelo

Doctor bandaging wrist. Concept of first aid and treatment of wrist injuries. — Siriporn Lin/iStock via Getty Images

Mediwound (NASDAQ: MDWD) climbed 37% in pre-market trading amid a report that Solventum (SOLV) has made a $34 per share offer for the company.
MediWoud (MDWD) management is reportedly evaluating the offer, according to a report by Israeli website The Marker. earlier this week.
The offer represents a 118% premium to MediWound’s closing price on Tuesday.
“It is MediWound’s policy not to comment on rumors,” a MediWound spokesperson told Seeking Alpha in an email.
Solventum (SOLV) did not immediately respond to Seeking Alpha’s email request for comment.