Stryker Corporation to Buy MAKO Surgical Corp. for $1.65 Billion for Robotic Surgery

Stryker Corp. (SYK), the second-largest seller of orthopedic devices, agreed to buy Mako Surgical Corp. (MAKO) for $1.65 billion to add technology for robot-assisted surgeries. Investors in Fort Lauderdale, Florida-based Mako will receive $30 a share from Kalamazoo, Michigan-based Stryker, the companies said today in a statement. The offer carries an 86 percent premium over Mako’s closing price yesterday.

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