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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

Wright Medical Shares Surge on Takeover by Stryker

04/11/2019 3:17pm

Dow Jones News


Wright Medical Group NV (NASDAQ:WMGI)
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From Jul 2019 to Jul 2024

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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.

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