MAKO Surgical Corp. Announces Definitive Agreement to Be Acquired by Stryker Corporation for $30 per Share in Cash
MAKO Surgical Corp. (MAKO) today announced a definitive agreement with Stryker Corporation (SYK), by which Stryker will acquire all of the outstanding shares of MAKO for $30.00 per share in cash, for an aggregate purchase price of approximately $1.65 billion.
"The combination of Stryker's established industry leadership with MAKO's innovative products and people contains the power to positively transform orthopedics," said Maurice R. Ferre, M.D., President and Chief Executive Officer. "It is with this in mind that MAKO's board of directors unanimously voted to recommend that MAKO's shareholders vote in favor of it."
- Published: 25 September 2013
- Written by Editor