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Stryker Corporation  (SYK) Buys Trauson, a China Orthopedic Company, for $764 Million



1/17/2013 8:25:46 AM

by Richard Daverman, PhD

January 17, 2013 -- Stryker Corporation, a US medical device maker, will acquire a China orthopedic company, Trauson Holdings, for $764 million in cash. Trauson’s major shareholder, Luna Group with 62% of the outstanding shares, has agreed to the offer. Trauson makes orthopedic products for trauma and spine fixation. It has been manufacturing instrumentation sets for Stryker under an OEM agreement since 2007. More details....

Stock Symbols: (NYSE: SYK) (HK: 0325)


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