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Heartware International Inc. (HTWR) Sank To A New Low After Acquisition

Heartware International Inc. (HTWR) announced after the bell Tuesday that it has agreed to acquire privately held Valtech Cardio Ltd.

Heartware International gapped open sharply lower Wednesday and declined for the bulk of the session. Shares finished with a loss of 16.99 at $64.82 on the highest volume of the year. The stock plummeted to a new low for the year.

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Jobless claims data was the highlight in this relatively light week for U.S. economics. In Europe, focus was on the U.K. economy where the Bank of England announced its latest policy decision and the first quarter GDP data were released. Find out the signals from the central bank and whether or not the UK economy exited a recession. In the Asia-Pacific, Australia's central bank delivered its latest policy verdict and China released trade figures.

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