SonoSite Shares Jumped: What You Need to Know (SONO)

SonoSite Shares Jumped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of SonoSite (Nasdaq: SONO ) exploded 27% higher today after the company agreed to be bought out by Fujifilm Holdings.

So what: Fujifilm will pay $54 per share, or $995 million, for the company to expand its reach in the health-care business. The board of directors has approved the transaction, and by all accounts it looks very likely to go through.

Now what: Since shares are trading very close to the offer price of $54, I don't see any reason not to cash out your shares today. If you hold, you're speculating on a higher offer and risking the downside of a deal not going through. With the holiday season approaching, I would take the 27% bump and run.

Interested in more info on SonoSite? Add it to your watchlist by clicking here.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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