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WMGI Wright Medical Group NV

29.98
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Wright Medical Group NV NASDAQ:WMGI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 29.98 30.05 30.59 0 01:00:00

UK's CMA Says Stryker's Divestments Resolve Concerns on Wright Medical Acquisition

04/11/2020 11:29am

Dow Jones News


Wright Medical Group NV (NASDAQ:WMGI)
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By Jaime Llinares Taboada

 

The U.K.'s Competition and Markets Authority said Wednesday that it has accepted a proposal from Stryker Corp. to sell its U.K. ankle prostheses business, facilitating regulatory green light for the company's acquisition of Wright Medical Group NV.

The competition watchdog, which had argued that the deal could hurt U.K. patients who need ankle replacements, said that it is satisfied with the divestment as it will address its competition concerns.

Stryker, a U.S. provider of medical-technology products and services, announced the $4 billion cash acquisition of Wright in November 2019.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

November 04, 2020 06:14 ET (11:14 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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