Stryker to Acquire Mako Surgical for About $1.65 Billion (Wall Street Journal)
Stryker Corp (download 4-page analysis of Stryker HERE) agreed to acquire Mako Surgical Corp. MAKO and its robotic-surgery platform for roughly $1.65 billion, a move aimed at distinguishing Stryker's line of replacement knees and hips for its increasingly cost-conscious hospital customers.
Mako shareholders will receive $30 a share, an 86% premium to the stock's Tuesday closing price. The Fort Lauderdale, Fla., company is expected to issue an additional four million shares in connection with the deal.
Mako makes a r...
