Mako Surgical’s Shareholders OK $1.7B Stryker Buyout

Mako Surgical’s Shareholders OK $1.7B Stryker Buyout

Share this story with your network

Mako Surgical’s shareholders approve Stryker Corp.’s $1.65 billion acquisition bid.

Mako Surgical (NSDQ:MAKO) cleared a hurdle on the way to its $1.65 billion buyout by Stryker (NYSE:SYK) when its shareholders approved the acquisition last week.

About 65% of the robotic surgery company’s shareholders voted on the $30-per-share deal, with 99% voting to approve the transaction, according to a press release. The stock owners also gave their non-binding OK for “specified compensation payable to the company’s named executive officers in connection with the merger,” Mako said.

The deal is expected to close tomorrow, according to the release.

Leave a Comment

Your email address will not be published. Required fields are marked *

*