Stryker enters strategic partnership with CMR Surgical and invests approximately $400 million
SYK Stryker Corp
$277.33 +0.13%
View chart & analysis → - 1Stryker announced a strategic partnership with CMR Surgical.
- 2Stryker will make a preferred stock investment of approximately $400 million (300 million pounds).
- 3Stryker holds an exclusive option to acquire 100% of CMR Surgical's total outstanding shares.
So what's the key point?
Stryker has decided to cooperate with CMR Surgical by investing approximately $400 million. The company also gained the right to purchase all of CMR Surgical's shares.
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