Smith & Nephew to buy ArthroCare for $1.7B

|About: Smith & Nephew plc (SNN)|By:, SA News Editor

Smith & Nephew (SNN) has agreed to acquire ArthroCare (ARTC) for $1.7B in a move that Smith & Nephew says will strengthen its global sports medicine business.

Smith & Nephew is offering $48.25 a share, 6.3% above ArthroCare's closing price of $45.38 on Friday. (PR)