Stryker Corporation to Acquire Small Bone Innovations for $375M (SYK)

Stryker Corporation (SYK) announced on Monday morning that it has agreed to acquire the assets of Small Bone Innovations for $375 million.

Stryker will acquire the company is an all cash transaction worth $375 million. The total net cost of the deal will be $285 million when tax benefits are taken into account. The deal is subject to customary closing conditions and the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period.

Small Bone Innovations was founded in 2004 and is based in Morrisville, PA. The company focuses on small joint replacement.

SYK Dividend Snapshot

As market close on June 27, 2014

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Stryker Corporation shares were mostly flat during pre-market trading Monday. The stock is up 11.75% YTD.