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DewDiligence

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DewDiligence

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Re: DewDiligence post# 192420

Tuesday, 09/11/2018 2:47:24 PM

Tuesday, September 11, 2018 2:47:24 PM

Post# of 251673
SYK acquires IVTY for $7.40/sh in cash—a 29% premium to yesterday’s close—but a 38% discount to IVTY’s 2015 IPO price (#msg-114547833).

https://globenewswire.com/news-release/2018/09/11/1569100/0/en/Invuity-Announces-Definitive-Agreement-to-Be-Acquired-by-Stryker-Corporation-for-7-40-Per-Share-in-Cash.html

The nominal deal value is $190M.

This is SYK’s second buyout of a public company in the past two weeks (#msg-143281972).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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