Osiris (OSIR) announced that it has entered into an agreement and plan of merger with Smith & Nephew (SNN) pursuant to which Smith & Nephew will acquire Osiris for $19.00 per share in cash, a total of approximately $660.5M in cash. This offer represents a 37% premium to the company's 90-day volume-weighted average stock price. The transaction was unanimously approved by the boards of both companies. Completion of the transaction is expected in Q2, pending the successful completion of the tender offer and all other closing conditions. Osiris' employees are expected to join Smith & Nephew on completion. Until that time, Osiris will continue to operate as a separate and independent company.
https://thefly.com/landingPageNews.php?id=2877853
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