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DewDiligence

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DewDiligence

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Re: DewDiligence post# 193100

Tuesday, 10/11/2022 8:40:44 AM

Tuesday, October 11, 2022 8:40:44 AM

Post# of 251670
OFIX acquires SPNE for $7.66*/sh in stock—a 38%* premium to yesterday’s close—in deal billed as a “merger of equals”:

https://www.businesswire.com/news/home/20221011005510/en/

The nominal deal value is $306M.

SPNE is a 2015 spin-off from IART (#msg-115100324).

*Based on OFIX’s closing price of $18.40 yesterday.

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

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