TSO3 to Be Acquired by Stryker Corp. in $51.7 Million Deal

Date : 08/12/2019 @ 2:17PM
Source : Dow Jones News
Stock : Stryker Corp (SYK)
Quote : 216.89  -1.29 (-0.59%) @ 4:06PM

TSO3 to Be Acquired by Stryker Corp. in $51.7 Million Deal

Historical Stock Chart

2 Months : From Jul 2019 to Sep 2019

Click Here for more TSO3 Charts.

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.

Latest SYK Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.