TSO3 to Be Acquired by Stryker Corp. in $51.7 Million Deal
August 12 2019 - 9:17AM
Dow Jones News
By Colin Kellaher
TSO3 Inc. (TOS.T) on Monday said it agreed to be acquired by
Stryker Corp. (SYK) for 43 Canadian cents a share in cash.
The transaction represents a roughly 10.3% premium to Friday's
closing price of C$0.39 for the Quebec City, Quebec, provider of
sterilization technology for medical devices.
TSO3 said the acquisition by Stryker, a Kalamazoo, Mich.,
provider of medical technology products and services, represents a
total enterprise value of about C$68.4 million (US$51.7 million),
including debt.
TSO3 said it expects the transaction to close in the fourth
quarter.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 12, 2019 09:02 ET (13:02 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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