Note: This article is just my opinion. I have no dog in the fight and do not own either stock. This article will be updated as new information comes in. Send confidential notes to me at tiger@tigerbuford.com and I will scrub your name.
Timeline
Oct2023 - Globus announces that they are moving the NSO Aliso Viejo office to PA over the next 11 months.
Dec2021 - It is eerily quiet which usually means that execs are meeting offsite and due diligence is underway.
15Nov2021 - Globus makes public announcement that they are pursuing NuVasive.
2 analysts cast doubt
Two financial analysts predict Globus Medical's potential deal to acquire NuVasive probably won't happen, Seeking Alpha reported.
Piper Sandler analyst Matt O'Brien said the acquisition was unlikely to materialize because Globus Medical tends to pay "modest" prices for assets, according to a Nov. 15 report. He also noted that turnover in the sales personnel of the target company can make acquisitions in the spine space problematic.
"We do believe NuVasive is undervalued, the addition of Simplify would be welcome at Globus Medical and the management team at Globus would likely be able to pull a ton of costs...
