Smith & Nephew to buy ArthroCare for $1.7B

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)

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