Stryker (SYK) signs a definitive agreement to acquire orthobiologic and biosurgery product maker...

|About: Stryker Corporation (SYK)|By:, SA News Editor

Stryker (SYK) signs a definitive agreement to acquire orthobiologic and biosurgery product maker Orthovita (VITA) for ~$304M in cash. Shareholders will receive $3.85/share, a 41% premium over Friday's close. The deal also includes $12M in debt. VITA +40.3% premarket. (PR)