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WRIGHT MEDICAL'S $58 MIL. ACQUISITION OF ORTHOMET

This article was originally published in The Gray Sheet

Executive Summary

WRIGHT MEDICAL'S $58 MIL. ACQUISITION OF ORTHOMET would give the Arlington, Tennessee-based orthopedic implant company an immediate presence in the total shoulder implant market, the company says. The two firms announced Sept. 16 a letter-of-intent agreement for Wright to purchase Orthomet's approximately 4.9 mil. outstanding shares of common stock plus all outstanding options for $11 per share. Wright expects that the deal will close in October.
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