Summary
Stryker Corporation announced the successful completion of its acquisition of Wright Medical Group N.V. on November 11, 2020. This significant transaction, valued at approximately $4.1 billion (or $5.6 billion including convertible notes), marks a pivotal moment for Stryker, expanding its presence and capabilities, particularly within the medical device sector. The acquisition was executed through Stryker's wholly owned subsidiary, Stryker B.V., fulfilling the terms of the Purchase Agreement initially announced in November 2019.
Key Highlights
- 1Stryker Corporation has completed the acquisition of Wright Medical Group N.V.
- 2The acquisition date was November 11, 2020.
- 3The total aggregate consideration for the transaction was approximately $4.1 billion.
- 4Including convertible notes, the total value of the transaction reaches approximately $5.6 billion.
- 5The acquisition was completed through Stryker's subsidiary, Stryker B.V.
- 6This transaction was previously announced via a Purchase Agreement dated November 4, 2019.