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MarketScreener Homepage  >  Equities  >  Nyse  >  Stryker Corporation    SYK

STRYKER CORPORATION

(SYK)
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UK's CMA Says Stryker's Divestments Resolve Concerns on Wright Medical Acquisition

11/04/2020 | 06:15am EST

By Jaime Llinares Taboada

The U.K.'s Competition and Markets Authority said Wednesday that it has accepted a proposal from Stryker Corp. to sell its U.K. ankle prostheses business, facilitating regulatory green light for the company's acquisition of Wright Medical Group NV.

The competition watchdog, which had argued that the deal could hurt U.K. patients who need ankle replacements, said that it is satisfied with the divestment as it will address its competition concerns.

Stryker, a U.S. provider of medical-technology products and services, announced the $4 billion cash acquisition of Wright in November 2019.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

11-04-20 0614ET

Stocks mentioned in the article
ChangeLast1st jan.
COLFAX CORPORATION -2.57% 38.73 Delayed Quote.1.28%
STRYKER CORPORATION -0.06% 241.99 Delayed Quote.-1.24%
WRIGHT MEDICAL GROUP N.V. -2.22% 29.98 End-of-day quote.0.00%
All news about STRYKER CORPORATION
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More news
Financials (USD)
Sales 2020 14 422 M - -
Net income 2020 1 905 M - -
Net Debt 2020 8 207 M - -
P/E ratio 2020 47,7x
Yield 2020 0,96%
Capitalization 90 938 M 90 938 M -
EV / Sales 2020 6,87x
EV / Sales 2021 5,81x
Nbr of Employees 40 000
Free-Float 92,6%
Chart STRYKER CORPORATION
Duration : Period :
Stryker Corporation Technical Analysis Chart | SYK | US8636671013 | MarketScreener
Technical analysis trends STRYKER CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 241,15 $
Last Close Price 241,99 $
Spread / Highest target 15,3%
Spread / Average Target -0,35%
Spread / Lowest Target -32,2%
EPS Revisions
Managers and Directors
NameTitle
Kevin A. Lobo Chairman & Chief Executive Officer
Timothy J. Scannell President & Chief Operating Officer
Glenn S. Boehnlein Chief Financial Officer & Vice President
Howard E. Cox Director-Emeritus
Ronda E. Stryker Independent Director
Sector and Competitors