Globus Medical Inc., which develops and distributes musculoskeletal device solutions, announced plans to acquire its smaller competitor NuVasive, Inc. in an all-stock deal valued at about $3.1bn, combining complementary orthopedics and spine solutions to target the $50bn global musculoskeletal market.
Under the terms of the deal, announced on 9 February, San Diego, CA-based NuVasive shareholders will receive 0.75 per Globus share, which implies a stock price of $57.72 for NuVasive
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