DePuy buys into orthopaedics for sports medicine
This article was originally published in Clinica
Executive Summary
US orthopaedics manufacturer DePuy intends to acquire Orthopedic Technology, a Californian specialist in orthopaedic products for the sports medicine market. DePuy is offering to pay $46 million in cash, a price which could yet rise after final calculations. The offered $10.35 a share represents a 25% premium above the closing price $8.25 on January 15th, the day before the purchase was announced.