logo
Plus   Neg
Share
Email

Stryker To Acquire Wright Medical - Quick Facts

Stryker (SYK) has agreed to acquire Wright Medical Group N.V. (WMGI), a global medical device company focused on extremities and biologics, for $30.75 per share. The acquisition has a total equity value of approximately $4.0 billion and a total enterprise value of approximately $5.4 billion (including convertible notes). The deal is expected to close in the second half of 2020.

Stryker does not expect the acquisition to have any impact to net earnings per share and adjusted net earnings per share in 2019. Stryker affirmed its previously announced expected adjusted net earnings per share for the full year, which is a range of $8.20 - $8.25.

Assuming a September 30, 2020 closing, the transaction is expected to have no impact to Stryker's adjusted net earnings per share in 2020, $0.10 dilution in 2021 and to be accretive thereafter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
J. M. Smucker Co. is recalling certain Natural Balance canned cat food, citing health concerns likely associated with increased levels of choline chloride, an animal growth promotant, the U.S. Food and Drug Administration said in a statement. The recall was initiated after receiving reports of adverse reactions. Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19.
Follow RTT