An SEC filing shows that the Federal Trade Commission is upping its scrutiny of the proposed merger between Stryker (NYSE:SYK) and Wright Medical (NSDQ:WMGI) that is worth up to $4.7 billion in cash. After Stryker filed a premerger notification and report form with the FTC on Dec. 16, 2019, the FTC sent a second request to the company with respect to the offer. Wright Medical also shared that it received a second request on Dec. 31, 2019. The second request is a discovery procedure performed by the FTC to investigate mergers and acquisitions that may have anticompetitive consequences.
Read the full article: FTC Upping Scrutiny of Proposed Stryker, Wright Medical Merger //
Source: https://www.massdevice.com/ftc-upping-scrutiny-of-proposed-stryker-wright-medical-merger