"What do holders make of this? Took me by surprise."
Personally, I am not a fan of companies making corporate acquisitions.
My experience is that it invariably results in a transfer of value from the acquirer to the shareholders of the company being acquired.
From what I can discern - on the basis of the limited research I've done on the business RMD is buying - this is a meaningful departure from Resmed's core competency of the diagnosis and treatment of sleep disorders.
This is most a unusual thing for Resmed to do.
In summary, I am not very happy about it.
It worries me.
Ann: ResMed to Acquire Brightree, page-3
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$38.11 |
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| Open | High | Low | Value | Volume |
| $38.50 | $38.57 | $37.66 | $49.01M | 1.287M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6322 | $38.11 |
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| Price($) | Vol. | No. |
|---|---|---|
| $38.12 | 8095 | 3 |
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