Stryker Sea Agreement

AMSTERDAM, The Netherlands, Nov. 04, 2019 (GLOBE NEWSWIRE) — Wright Medical Group N.V. (NASDAQ: WMGI) announced today that it has entered into a final agreement where by which Stryker (NYSE: SYK) will acquire all of the issued and outstanding common shares of Wright Medical Group N.V. for a total value of approximately $4.7 billion, including the value of Wright`s outstanding convertible bonds. and a total enterprise value of approximately $5.4 billion. For media inquiries, please contact: Yin Becker, Stryker Corporation, 201-831-5000 or yin.becker@stryker.com For more information on certain terms of the Final Sales Agreement, see Wright Medical`s latest report on Form 8-K that will be submitted as part of this transaction. Stryker is one of the world`s leading medical technology companies, and together with our customers, we strive to improve healthcare. The company offers a wide range of innovative medical technologies, including construction, medical and surgical products, as well as neurotechnologies and spine, to help people lead more active and satisfying lives. Stryker products and services are available in more than 100 countries around the world and please contact us for more information to www.stryker.com. Pursuant to the terms of the agreement, Stryker will issue an offer to repurchase all outstanding common shares of Wright for US$30.75 per share in cash.

The boards of directors of Stryker and Wright have approved the transaction. Pivot is a privately held company that markets innovative hip arthroscopy products with operating facilities in Sunnyvale, California. The tender offer of Wright`s common shares mentioned here has not yet commenced. . . .

Previous Post Next Post