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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 |
By Colin Kellaher
Shares of Wright Medical Group NV (WMGI) surged nearly 30% on Monday after the medical-devices maker agreed to be acquired by Stryker Corp. (SYK) for about $4 billion in cash.
Stryker is paying $30.75 a share in cash for Wright, a roughly 40% premium to Friday's closing price of $22.01.
Bloomberg, citing people familiar with the matter, late Friday reported that Amsterdam-based Wright was working with financial advisers and exploring a sale.
Wright Medical shares were recently up 29.2%, to $28.45. Shares of Stryker slipped 3.5%, to $205.26.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 04, 2019 10:02 ET (15:02 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Wright Medical Group NV Chart |
1 Month Wright Medical Group NV Chart |
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