Avanos Medical jumps on $1.27 bln go-private deal with AIP

Avanos Medical

14/04/2026 15:36

Updates

** Shares of medical device maker Avanos Medical AVNS.N jump 70% to $24.26

** Stock on track for its biggest one-day jump on record

** American Industrial Partners to buy Avanos in an all-cash deal valued at about $1.27 billion

** Says shareholders to receive $25 per share in cash, a premium of more than 70% to prior close

** Adds, deal unanimously approved by board; expected to close in second-half of 2026, subject to approvals

** Says Avanos will become a private company after the deal and delist from NYSE

** Including session's move, stock up ~29% YTD

 (Reporting by Sahil Pandey in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))