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Stryker Corp announces definitive agreement to Acquire Berchtold Holding AG


Tuesday, 18 Feb 2014 08:00am EST 

Stryker Corp:Says a definitive agreement to acquire Berchtold Holding, AG (Berchtold) for an enterprise value of $172 mln.Berchtold, a privately held business with operating facilities in Germany and the United States, sells world-class surgical infrastructure equipment.The transaction is subject to customary closing conditions including the expiration or termination of the Hart-Scott-Rodino Antitrust Improvements Act waiting period.Upon closing, the transaction is expected to be neutral to Stryker's 2014 earnings per share excluding acquisition, integration-related and intangible amortization charges.The transaction is expected to close in the second quarter of 2014. 

Company Quote

101.77
0.26 +0.26%
1:38pm EDT