- The U.S. Federal Trade Commission (FTC) is requiring Stryker (SYK +1.8%) to sell its total ankle replacement and finger joint implant assets in order to receive agency approval for its $4B acquisition of Wright Medical Group (WMGI +0.2%) announced a year ago.
- Under the terms of the consent agreement, Stryker will divest the businesses to California-based DJO Global, Inc.
- https://seekingalpha.com/news/3630432-stryker-to-divest-certain-assets-to-get-ftc-blessing-on-wright-medical-deal
Tuesday, November 3, 2020
Stryker to divest certain assets to get FTC nod on Wright Medical deal
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