Stryker acquires VEXIM for $216M (7 X sales)

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Stryker to acquire French spinal implant maker Vexim for $216m (MassDevice)
Stryker (NYSE:SYK) yesterday acquired a majority stake in Vexim for roughly $216 million and plans to buy the rest of the French spinal implant maker today.
Kalamazoo, Mich.-based Stryker paid €20 ($23.63) per share for Vexim’s stock and €3.91 ($4.62) per listed warrant, for a total equity value of €183 million, Vexim said. The deal is expected to close during the fourth quarter.
“We are really excited by this transaction and enthusiastic about our future integration into Stryker...