Why Entellus Medical Inc. Skyrocketed Higher Today [The Motley Fool]
ENTELLUS MEDICAL (ENTL)
Last entellus medical earnings: 11/1 04:05 pm
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Source: The Motley Fool
The medical device company is getting acquired. Could a higher offer be in the works? Brian Orelli ( TMFBiologyFool ) Dec 7, 2017 at 1:08PM What happened Entellus Medical ( NASDAQ:ENTL ) is up 50% at 12:33 p.m. EST after announcing that it's being acquired by Stryker ( NYSE:SYK ) for $24 per share. Stryker's investors seem to think the deal is just OK, with shares trading basically flat. Of course, at just over $600 million, it's a fairly small deal for Stryker, which sports a market cap of $56 billion. Image source: Getty Images. So what In the acquisition, Stryker will get Entellus' minimally invasive treatments for various ear, nose, and throat (ENT) diseases, including the Xpress Multi-Sinus Dilation System and the Latera Absorbable Nasal Implant. Stryker already has ENT products -- the NasoPore bioresorbable nasal dressing,
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