Masimo (Nasdaq:MASI) stock is up today, a day after first-quarter results that topped the consensus forecast. MASI shares were up more than 5% at $124.05 apiece by the late morning. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down slightly. The Irvine, California-based company posted profits […]
Sound United
Masimo completes acquisition of Sound United
Masimo (Nasdaq:MASI) announced today that it completed its previously announced acquisition of Sound United. Irvine, California-based Masimo announced in February that it would spend $1.025 billion to acquire Viper Holdings, the parent company of Sound United. Wall Street’s response saw Masimo’s stock drop by 35%, with analysts unsure about the consumer tech acquisition, saying it […]
Investors may have overreacted over Masimo
The Street appears to be reassessing its reaction to Masimo’s plans to spend $1.025 billion to acquire Viper Holdings, the parent company of Sound United. Masimo (NASDAQ:MASI) stock lost a third of its value the day after the patient monitoring tech company announced its acquisition plans this week. While MASI shares are still down more than […]
Masimo stock falls as The Street ponders $1B Sound United acquisition
Masimo (NSDQ:MASI) stock lost a third of its value the morning after the company said it would spend $1.025 billion to acquire Viper Holdings, the parent company of Sound United. Sound United is behind consumer tech brands making high-end sound and home theater systems, including Bowers & Wilkins, Denon, Polk Audio and Marantz. “We see […]
