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Stryker Corp (SYK.N)

SYK.N on New York Stock Exchange

126.34USD
17 Feb 2017
Change (% chg)

$0.59 (+0.47%)
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$125.75
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Latest Key Developments (Source: Significant Developments)

Stryker Corp announces definitive agreement to buy Physio-Control International Inc
Tuesday, 16 Feb 2016 07:30am EST 

Stryker Corp:Stryker announces definitive agreement to acquire physio-control international, inc. for $1.28 billion.Acquisition of physio-control is expected to close at the beginning of the second quarter.Deal expected to be slightly accretive to adjusted per share earnings in 2016.Says skadden, arps, slate, meagher & flom llp are serving as outside legal counsel for Stryker in connection with this transaction.Citi and jefferies llc acted as financial advisors, and Kirkland & Ellis Llp Served as legal counsel, to bain capital.Revised adjusted 2016 EPS guidance reflecting physio-control acquisition,previously announced transactions is now $5.57-5.77 up 8.8-12.7%.For 2017 expect acquisition combined to be accretive by $0.15-0.18, net of negative impact of postponing share repurchases.  Full Article

Stryker Corp declared a quarterly dividend
Wednesday, 10 Feb 2016 08:01am EST 

Stryker Corp:Says its Board of Directors has declared a quarterly dividend of $0.38 per share.Payable on April 29, 2016, to shareholders of record at the close of business on March 31, 2016.  Full Article

Stryker Corp announces definitive agreement to acquire Synergetics USA, Inc.'s Neuro Portfolio
Wednesday, 10 Feb 2016 08:01am EST 

Stryker Corp;:Says a definitive agreement to acquire all of the assets associated with Synergetics USA, Inc.'s neuro portfolio in an all cash transaction.Portfolio includes the Malis generator, Spetzler Malis disposable forceps, and Stryker's existing Sonopet tips and RF generator.Says upon closing, the transaction is expected to be neutral to stryker's 2016 adjusted earnings per share.  Full Article

Stryker Corp announces definitive agreement to acquire Sage Products LLC
Monday, 1 Feb 2016 07:30am EST 

Stryker Corp:Announces a definitive agreement to acquire Sage Products, LLC (Sage) from Madison Dearborn Partners in an all cash transaction for $2.775 billion.Transaction includes an anticipated future tax benefit which is expected to exceed $500 million.Transaction is expected to close in the second quarter of 2016.  Full Article

Stryker Corp says resignation of CFO
Tuesday, 26 Jan 2016 04:01pm EST 

Stryker Corp:Says William R. Jellison will retire from his role as Vice President, Chief Financial Officer.  Full Article

Stryker Corp declares dividend
Thursday, 10 Dec 2015 08:00am EST 

Stryker Corp:Increases quarterly dividend by 10 percent to $0.38 per share.  Full Article

Stryker Corp announces pricing of $750 million senior notes offering
Monday, 26 Oct 2015 05:30pm EDT 

Stryker Corp:Priced an offering to sell $750 million of senior unsecured notes due 2025.Notes will bear interest at 3.375% per year and, unless previously redeemed, will mature on November 1, 2025.Notes are expected to settle on October 29, 2015, subject to customary closing conditions.Company intends to use the net proceeds from the offering to repay $200 million of existing commercial paper at its maturity and for working capital and other general corporate purposes, including acquisitions, stock repurchases and other business opportunities.Barclays Capital Inc., Citigroup Global Markets Inc. and Goldman, Sachs & Co. are acting as active joint book-running managers for the offering.  Full Article

Stryker Corp completes acquisition of Muka Metal, A.S.
Tuesday, 1 Sep 2015 08:00am EDT 

Stryker Corp:announced the completion of its previously announced acquisition of Muka Metal, A.S.Muka is a privately held business headquartered in Kayseri, Turkey that sells hospital beds, stretchers and related patient room furniture and accessories that serve markets across Turkey and other regions globally.  Full Article

Stryker Corp declares quarterly dividend
Wednesday, 29 Jul 2015 08:00am EDT 

Stryker Corp:Declared quarterly dividend of $0.345 per share payable on Oct. 30 to shareholders of record at the close of business on Sept. 30.  Full Article

Stryker Corporation gives Q3 2015 EPS guidance in line with analysts' estimates; raises FY 2015 guidance
Thursday, 23 Jul 2015 04:00pm EDT 

Stryker Corporation:Expects FY 2015 constant currency sales growth in the range of 6.5% to 7.5%, including organic sales growth in the range of 5.5% to 6.5%.Expects FY 2015 adjusted diluted net earnings per share to be in the range of $5.06-$5.12.Expects Q3 2015 adjusted diluted net earnings per share to be in the range of $1.20-$1.25.Reported revenue of $9.675 billion in FY 2014.Q3 2015 EPS of $1.20 - Thomson Reuters I/B/E/S.FY 2015 revenue of $9.92 billion and EPS of $5.03 - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

Stryker Orthopaedics Corp wins $486 mln Pentagon contract -statement

WASHINGTON Stryker Orthopaedics Corp, a unit of Stryker Corp, has been awarded a $486 million contract for orthopedic products, the Pentagon said in a statement on Monday.