Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

MAKO Surgical Gets Its Happy Ending

While many bullish analysts and investors had previously mentioned the possibility of MAKO Surgical (NASDAQ:MAKO) receiving an attractive buyout bid, the reality proved even better than expected. On Wednesday morning, MAKO and Stryker (NYSE:SYK) announced that the two companies had agreed on a deal that will see Stryker buy MAKO for $30 share in cash - a $1.65 billion deal that exceeded the highest sell-side price target on MAKO by 15%.

With only scant odds that a rival bidder will top Stryker's offer, the MAKO story comes to a relatively happy conclusion. What's more, Stryker would seem to be an ideal partner to grow MAKO's business and maximize the potential of the robot-assisted makoplasty concept.

Stryker...

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