Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, January 17, 2013

Medical device maker Stryker to purchase Hong Kong's Trauson for $764 mln, (NYSE: SYK)

Medical device maker Stryker Corp said it will purchase Hong Kong-based Trauson Holdings Co Ltd for $764 million in an all cash deal, to expand in one of the fastest-growing markets for orthopaedic products in China. Stryker will pay HK$7.50 ($0.97) for every share of Trauson.

Stryker Corporation is a manufacturer and wholesaler of specialty surgical and medical products. Shares of SYK remained unchanged at $59.43. In the past year, the shares have traded as low as $49.43 and as high as $59.73. On average, 1939600 shares of SYK exchange hands on a given day and today's volume is recorded at 0.