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Stock impact report

Stryker announces definitive agreement to acquire Wright Medical

Stryker Corporation (SYK) 
Last stryker corporation earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: stryker.gcs-web.com/investor-overview
Company Research Source: GlobeNewswire
Kalamazoo, Michigan, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Stryker (NYSE: SYK) announced today a definitive agreement to acquire all of the issued and outstanding ordinary shares of Wright Medical Group N.V. (NASDAQ: WMGI) for $30.75 per share, or a total equity value of approximately $4.0 billion and a total enterprise value of approximately $5.4 billion (including convertible notes). Wright Medical, which was founded in 1950, is a global medical device company focused on extremities and biologics. Wright Medical brings a highly complementary product portfolio and customer base to Stryker’s trauma and extremities business. With global sales approaching $1 billion, Wright Medical is a recognized leader in the upper extremities (shoulder, elbow, wrist and hand), lower extremities (foot and ankle) and biologics markets, which are among the fastest growing segments in orthopaedics. Wright Medical’s leading upper extremity portfolio and advanced preoperative planning technology wi Show less Read more
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