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Medical device maker Stryker to buy K2M Group for about $1.4 billion (Reuter) Medical device maker Stryker Corp (SYK.N) said on Thursday it will buy smaller rival K2M Group Holdings Inc (KTWO.O) for about $1.4 billion to bolster its spinal devices unit. Stryker’s offer of $27.50 per K2M share represents a premium of 26 percent to K2M Group’s Wednesday closing price. K2M shares rose 25 percent to $27.27 in premarket trading. “This acquisition underscores our commitment to the spinal market, whic...
