Equity Briefing: M&A Deals Spark Healthcare Sector

Lincare Holdings Inc.(NASDAQ:LNCR) has topped the percentage list on buyout news and soared 21.44% to $41.31 after hitting a 52-week high of $41.35. This weekend, Linde AG agreed to acquire the company for about $4.6 billion, payable in cash. Also, in the merger & acquisition news, Brightpoint, Inc.(NASDAQ:CELL) agreed to be acquired by Ingram Micro Inc. in exchange of $9 per share in cash...

Lincare Holdings Inc.(NASDAQ:LNCR) has topped the percentage list on buyout news and soared 21.44% to $41.31 after hitting a 52-week high of $41.35. This weekend, Linde AG agreed to acquire the company for about $4.6 billion, payable in cash.

Also, in the merger & acquisition news, Brightpoint, Inc.(NASDAQ:CELL) agreed to be acquired by Ingram Micro Inc. in exchange of $9 per share in cash. The transaction valued the company at about $840 million, including estimated net debt of $190 million on June 30. Post deal, Ingram projecting to boost its EPS by 18 cents in 2013 and 35 cents in 2014, excluding one-time charges and integration costs. Shares of CELL soared over 63% to $8.83.

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