Orthofix & SeaSpine merge to create a newco spine company

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SPNE stock price / OFIX stock price

My first impressions on day 1 of this announcement.

Orthofix+SeaSpine is a strange merger'ish type of acquisition (shades of the cashless Danek+Sofamor combination when Danek took control).
The motivation for the combination - OFIX needed product diversity and SPNE needed cash liquidity (just my opinion).
OFIX will be running the show as Jon Serbousek as the Board Chairman. All shareholders will end up with OFIX stock only.
Value of the deal is around $215M (the market cap of SPNE).
Global 2022 revenues of each are roughly $500M OFIX and $200M SP...

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