I did not own stock in either Stryker or Wright. You can email confidential notes to me here - tiger@tigerbuford.com
original Wright press release ------ original Stryker press release
Timeline
√ Sep 2019 - Board approvals at both Stryker and Wright √ Nov 2019 - Acquisition announced√ Jan 2020 - Wright shareholder sues to block acquisition√ 1Q 2020 - S+N may try to outbid Stryker. √ June 4, 2020 - Stryker to close financing for the acquisition√ July 2020 - UK pushing back on the merger√ Sep 4, 2020 - Stryker has a proposed buyer for the STAR ankle and finger joints in a divestiture to meet HSR --> Colfax /DJO√ Sept 29, 2020 - Smith and Nephew drops out as a potential Wright acquirer - S+N acquires the Integra LifeScience extremity business for $240M √ Nov 3, 2020 - FTC plans to approve acquisition because of divestiture to Colfax/DJO√ Nov 10, 2020 - Regulatory hurdles are cleared for acquisition√ Nov 11, 2020 - Stryker completes acquisition at $30.75 per share and divestiture of total ankle and finger to Colfax/DJO√ Dec 2020 - sales force cuts start at Wright√ 17Dec2020 - FTC approves merger but insists Stryker divest ankle and finger properties to DJO√ 1Q 2021 -...
