Anthony G. Viscogliosi Comments on Stryker Acquisition of Small Bone Innovations, Inc. (press release)
Small Bone Innovations, Inc. (SBi) today announced that Stryker Corporation (NYSE:SYK) will acquire substantially all the assets of SBi in an all cash transaction for up to $375 million.
“This transaction is the next step of growth for Small Bone Innovations’ world-class products --- especially the STAR™ Total Ankle --- and is a perfect fit with Stryker’s product suite and global reach of its world-class distribution system”
The transaction is expected to close in the third quarter of 2014, subject to customary closing conditions including the expiration or termination of the Hart-Scott-Rodino Antitrust Improvements Act waiting period.
“This transaction is the next step of growth for Small Bone Innovations’ world-class products --- especially the STAR™ Total Ankle --- and is a perfect fit with Stryker’s product suite and global reach of its world-class distribution system,” said Michael P. Simpson, President and CEO of SBi.
Stryker also announced the transaction today. That announcement can be found here:http://phx.corporate-ir.net/phoenix.zhtml?c=118965&p=irol-news&nyo...
