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Stryker Goes Shoulder To Shoulder With Wright Medical In $4Bn Takeover

 
• By Catherine Longworth

Stryker is acquiring rival Wright Medical in a $4bn deal catapulting the company to a top position in the trauma and extremities market. The agreement, announced on 4 November, is Stryker’s biggest acquisition this year.

M&A, Mergers and Acquisitions. US Dollar texture. - Illustration

Stryker Corp. is acquiring Wright Medical Group NV for $30.75 per share, in cash, representing a 52% premium on Wright’s closing stock price on 31 October.

The total equity value of the deal is approximately $4.0bn and a total enterprise value is approximately $5

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