India, Jan. 28 -- Shares of Surgery Partners, Inc. (SGRY) jumped over 17% on Tuesday morning after Bain Capital Private Equity proposed to acquire the remaining shares of the surgical facility operator it does not already own for $25.75 per share.
SGRY is currently trading at $25.00, up $3.75 or 17.65%, on the Nasdaq. The stock began trading at $25.50 after closing Monday at $21.25. The stock has traded between $19.50 and $35.29 in the past 52-week period.
Bain Capital has a 39% stake in the company. The proposed offer represents a 21.2% premium to the company's last closing price.
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