#1 – The big picture of the deal
Both boards have approved the merger and closing is expected in 2H 2015.
New company will be based in Holland under the corporate name Wright Medical Group NV.
This is a 100% stock transaction (no cash) with a combined equity value of ~$3.3B
Wright shareholders will own 52%, and Tornier shareholders will own 48%
At closing, Wright shareholders will receive 1.0309 Tornier common shares for each share of Wright stock they own, representing an approximate value of $24.79 per share
Tornier shareholders will get a 28% premium based on Tornier’s closing share price...
