Financial

Wright Medical completes Tornier merger

By Michael Sheffield

The merger between Memphis-based Wright Medical Group and TornierN.V. has been completed. The new company, Wright Medical Group N.V. (NASDAQ: WMGI) will be a wholly owned subsidiary of Tornier, a Netherlands-based company.

The deal, worth more than $3.3 billion, was announced in October 2014. Shares of Wright Medical Group stock will cease trading on the NASDAQGlobal Select Market at close of business Oct. 1. Shares of Wright Medical Group NV will begin trading Oct. 2 under the same ticker symbol, “WMGI”.

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