Stryker To Acquire Invuity - Quick Facts

(RTTNews) - Invuity, Inc. (IVTY) announced a definitive agreement with Stryker Corp. (SYK), pursuant to which Stryker will acquire all of the outstanding shares of Invuity for $7.40 per share in cash, implying a total equity value of approximately $190 million. A subsidiary of Stryker will commence a tender offer to purchase all outstanding shares of Invuity, Inc. common stock. Stryker intends to fund the transaction with cash on hand.

Following the completion of the transaction, Invuity, Inc. shares will be delisted from NASDAQ. The tender offer is expected to be completed in the fourth quarter of 2018.