September 20, 2018 / 11:52 PM / a month ago

Medtronic to acquire Mazor in $1.64 billion deal

Sept 20 (Reuters) - Medical equipment company Medtronic Plc will acquire Israel-based Mazor Robotics for about $1.64 billion in an all-cash deal, or $1.34 billion net of Medtronic’s existing stake in Mazor, the companies said jointly on Thursday.

They said Medtronic would pay $58.50 per American Depository Share or $29.25 (104.80 ILS) per ordinary share in cash.

Medtronic said the deal was expected to be modestly dilutive to its fiscal 2019 adjusted earnings per share.

Reporting by Maria Ponnezhath in Bengaluru

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