Medical device maker Stryker to buy Hong Kong's Trauson for $764 mln

Thu Jan 17, 2013 5:34am EST

Jan 17 (Reuters) - Medical device maker Stryker Corp said it will buy 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.

Trauson's controlling shareholder, Luna Group, has agreed to tender 61.7 percent of Trauson shares.

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