January 17, 2013 at 05:52 AM EST
Stryker Buys Trauson, a China Orthopedic Company, for $764 Million
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) Share this with colleagues: // //  
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