Ft. Lauderdale, Fla.-based Mako Surgical Corp. has signed off on a $1.65 billion merger agreement with Kalamazoo, Mich.-based Stryker Corp., according to a news release.
In accordance with the agreement, Mako will become a wholly owned subsidiary of Stryker.
Mako shareholders will receive $30 per share in cash when the merger officially goes through, according to the report.
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