- Medical Devices
- Monday, 04 Nov 2019
Medical device maker Stryker to buy Wright Medical for $4 billion
Medical device maker Stryker Corp (SYK.N) said on Monday it would buy smaller rival Wright Medical Group (WMGI.O) for about $4 billion in cash.
The deal for $30.75 per share of Wright represents a premium of 39.7% to the company’s close on Friday and is expected to close in the second half of 2020.
Including debt, the deal values Wright at about $5.4 billion.
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