Stryker to acquire Mako Surgical in $1.65B deal

Mako Surgical (MAKO) shareholders get welcome news, as Stryker (SYK) is set to acquire the medical device company for $30/share, an 86% premium to Tuesday's close.

SYK CEO Kevin Lobo is particularly excited about what the deal means for the future of joint reconstruction: "Our combined expertise offers the potential to simplify joint reconstruction procedures, reduce variability and enhance the surgeon and patient experience," he says.

Comments (1)
  • PeakOiler
    , contributor
    Comments (299) | Send Message
    What a steal - only about 10 times book value, and 10 times sales! Ring the bell.
    25 Sep 2013, 08:27 AM Reply Like
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