Stryker to buy Entellus Medical for $662 million [Reuters]
ENTELLUS MEDICAL (ENTL)
Last entellus medical earnings: 11/1 04:05 pm
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Source: Reuters
Stryker to buy Entellus Medical for $662 million | Reuters Reuters Staff 1 Min Read (Reuters) - Medical device maker Stryker Corp ( SYK.N ) said on Thursday it would buy medical technology company Entellus Medical Inc ( ENTL.O ) in a deal valued at about $662 million, adding heft to its ENT business. Stryker would pay $24 per Entellus share, a premium of about 50 percent to Entellus’s Wednesday close. The deal to expected to be dilutive to Stryker’s 2018 adjusted net earnings per share by about 4 cents, but accretive thereafter, the company said. Reporting by Divya Grover in Bengaluru; Editing by Shounak Dasgupta All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reuters. All Rights Reserved. Stryker to buy Entellus Medical for $662 million (Reuters) - Medical device maker Stryker Corp ( SYK.N ) said on Thursday it would buy medical technology company Entellus Medical Inc ( ENTL.O ) in a deal valued at about $662 m
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