Shares of Wright Medical Group N.V.
rocketed 32% toward a 3-month high in premarket trading Monday, after the medical device company announced an agreement to be bought out by Stryker Corp. SYK, -1.62% in a deal valued at $5.4 billion, including debt. Styker's stock edged up 0.1%. Under terms of the deal, Stryker will pay $30.75 in cash for each Wright Medical share outstanding, representing a 40% premium to Friday's closing price of $22.01, and valuing Wright Medical at a market capitalization of $3.90 billion.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What to watch today: Dow set to hit all-time high, McDonald's fires CEO and Under Armour tanksRenewed trade deal hopes are giving a boost to U.S. stock futures, with the Dow indicated to set a record intraday high at the open. Islam58300889
Source: CNBC - 🏆 12. / 72 Read more »
Evan Spiegel doesn't regret the Snapchat redesign that tanked Snap's stock and pushed Kylie Jenner to quitSpiegel said Snapchat's 2018 redesign resulted in higher engagement with professionally made premium content. No escuchar a los usuarios, ya se sabe lo que les depara el futuro.
Source: BusinessInsider - 🏆 729. / 51 Read more »
A U.S.-China Trade Deal Won’t Rescue Emerging Market StocksWhat is happening in the slowing Chinese domestic economy matters far more for the MSCI EM index than the latest mood on tariffs. Why are we pouring billions into a communist country that has been rapidly building up it’s military and threatens the world? Who care about emerging stocks Idiots. BrM what video
Source: WSJ - 🏆 98. / 63 Read more »
Measles and mistrust in Ukraine weaken world's defencesHow deep mistrust of vaccines in Ukraine has allowed measles to grow into an epidemic by kkelland and Pavel Polityuk kkelland Another success in Putin's hybrid war against us. He's weaponized social media, with Zuckerberg's active support. He's targeting us with disease, a manufactured flow of refugees from wars he sustains and fake news that keeps us angry, divided and unable to maintain a consensus. kkelland The love of lies. When media render education pointless. kkelland Natural selection I guess.
Source: Reuters - 🏆 2. / 97 Read more »
Gary Lineker drops MAJOR hint this star will join I’m a CelebrityGary Lineker posted a strong hint to Instagram and Twitter that his colleague Ian Wright was heading for the jungle
Source: hellomag - 🏆 24. / 68 Read more »
Billionaire investor Ron Baron sees Dow 650,000 in 50 years — about 25 times higher than todayThe buy-and-hold billionaire says 'fear is evident' in the stock market, but that should not deter people from investing in stocks. 6.58% compounded ROR That would work for me. Unless Trump loses in 2020
Source: CNBC - 🏆 12. / 72 Read more »