• Stryker Adds to Trauma & Extremities Biz With $4B Wright Medical Deal

    8 days ago - By Xconomy

    Medical device giant Stryker is strengthening its presence in trauma and extremities surgeries with a cash deal to acquire Wright Medical for $4 billion. According to deal terms announced Monday, Kalamazoo, MI-based Stryker will pay $30.75 per share, a nearly 40 percent premium compared to the Friday closing stock price of Wright Medical. Shares of Wright Medical leaped more than 32 percent on the news. Meanwhile, Stryker's share price slipped 3.8 percent to $204.63 apiece. Stryker says Wright Medical will complement its trauma and extremities business, a big piece of its orthopedics...
    Read more ...