BioMimetic Therapeutics Inc. (BMTI) announced Monday morning that it entered into a definitive agreement for a business combination with Wright Medical Group (WMGI). Each share of BioMimetic common stock will be converted into the right to receive an upfront payment of $1.50 in cash and 0.2482 shares of Wright common stock.
BioMimetic Therapeutics has gapped open sharply higher Monday and is now up 2.87 at $7.02, with volume at a 4-month high. The stock has jumped to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.