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SeaSpine soars 15% on all-stock merger with Orthofix

Oct. 11, 2022 6:35 AM ETOrthofix Medical Inc. (OFIX)By: Ravikash, SA News Editor

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Lewisville, Texas.-based Orthofix Medical (NASDAQ:OFIX) and Carlsbad, Calif.-based SeaSpine (NASDAQ:SPNE) are merging in an all-stock transaction.

Under the agreement, SeaSpine shareholders will receive 0.4163 Orthofix common stock for 1 SeaSpine stock.

After the deal closes Orthofix shareholders will own ~56.5% of

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