8-KAcquisitions & DispositionsRegulation FDExhibits & Filings

STRYKER CORP 8-K Report, Acquisition Completed (Nov 9, 2018)

Filed November 9, 2018For Securities:SYK

Summary

Stryker Corporation (SYK) has officially completed its acquisition of K2M Group Holdings, Inc. for approximately $1.4 billion. The transaction, finalized on November 9, 2018, involved Merger Sub, a subsidiary of Stryker, merging with K2M, with K2M continuing as a wholly owned subsidiary of Stryker. This strategic move signifies Stryker's commitment to expanding its market presence and product portfolio in the medical technology sector. Investors should note that this 8-K filing primarily serves to report the completion of this significant acquisition. The company also issued a press release on the same day, providing further details that are incorporated by reference into this filing. This acquisition is expected to contribute to Stryker's future growth and market position, particularly within the spine and neurotechnology segments where K2M operates.

Key Highlights

  • 1Stryker Corporation completed the acquisition of K2M Group Holdings, Inc. on November 9, 2018.
  • 2The total aggregate consideration for the acquisition was approximately $1.4 billion.
  • 3K2M Group Holdings, Inc. will operate as a wholly owned subsidiary of Stryker following the merger.
  • 4The transaction was structured as a merger between Stryker's subsidiary, Austin Merger Sub Corp., and K2M.
  • 5Stryker announced the closing of the merger via a press release furnished as Exhibit 99.1.
  • 6This filing confirms the completion of a previously announced merger agreement.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally report the completion of Stryker Corporation's acquisition of K2M Group Holdings, Inc. It details the event, the parties involved, and the financial consideration.

Stryker paid approximately $1.4 billion in aggregate consideration for the acquisition of K2M Group Holdings, Inc.

Following the merger, K2M Group Holdings, Inc. will operate as a wholly owned direct or indirect subsidiary of Stryker Corporation.

Details about the merger agreement were previously filed by Stryker as Exhibit 2.1 to its Current Report on Form 8-K dated August 30, 2018. This current filing focuses on the completion of the transaction.