MAKO Stockholders Okay Merger With Stryker - Quick Facts

(RTTNews) - MAKO Surgical Corp. (MAKO) said Friday that its stockholders, at a special meeting, approved its merger with a unit of Stryker Corp. (SYK).

About 99% of all votes cast were in favor of the merger, MAKO said.

Under the terms of the deal, MAKO stockholders will receive $30 per share in cash at the closing of the merger. The parties anticipate that the deal will close on December 17, 2013, and the parties intend that promptly thereafter MAKO will be delisted from Nasdaq.

MAKO stockholders also approved the proposal to approve, on an advisory (non-binding) basis, specified compensation payable to the company's named executive officers in connection with the merger.