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Orthopedics company Wright Medical (WMGI) agrees to acquire BioMimetic Therapeutics (BMTI) for...

Orthopedics company Wright Medical (WMGI) agrees to acquire BioMimetic Therapeutics (BMTI) for up to $380M in cash and shares. Wright will pay an initial $190M, with the rest to be based on FDA approval of BioMimetic's Augment Bone Graft and revenue milestones. The total deal values BioMimetic at up to $12.97 a share vs its Friday close of $4.15. BMTI +82% premarket at $7.55. (PR)
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