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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Stryker Corp | NYSE:SYK | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -3.55 | -1.08% | 324.57 | 331.68 | 322.51 | 331.68 | 784,925 | 17:21:30 |
From May 2019 to May 2024
By Ian Walker
The U.K. Competition and Markets Authority said Wednesday that it has started a formal investigation into Stryker Corp.'s acquisition of Wright Medical Group N.V.
The regulator, which announced an initial probe into the deal last month, said it is looking to see if the merger would lead to a "substantial lessening of competition" within any U.K. market for goods or services. It has set a deadline for July 15 to decide whether to refer the deal for a Phase 2 investigation.
Last November, Dutch medical-devices maker Wright Medical agreed to be acquired by medical-technology company Stryker for about $4 billion--or $30.75 a share--in cash.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
May 20, 2020 05:04 ET (09:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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