Why Chindex (CHDX) Stock Is Soaring Today

NEW YORK (TheStreet) -- Chindex (CHDX) shares are up 16.4% to $22.70 in trading on Monday.

The American healthcare services provider stock is popping following the announcement that it received a cash offer from a bidder for all of the company's outstanding common stock shares at $23 per share.

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The company's "Transaction Committee" deemed the offer a "superior proposal" to a previous bid by a buyer consortium. The previous group had offered $19.50 in cash per outstanding share.

The terms of the agreement have been fully negotiated and only await execution by Chindex.

CHDX Chart

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