The Chicago Entrepreneur

: Cardiovascular Systems shares jump after deal to be bought by Abbott for $890 million

Cardiovascular Systems CSII shares rose 47% to $19.58 in early premarket trade after Abbott ABT agreed to buy the company for $890 million, or $20 per share. CSI is a leader in devices for atherectomy, a minimally invasive treatment for plaque build-up in arteries. Abbott said the deal is neutral to its recently issued 2023 ongoing earnings per share guidance.

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