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Medtronic pays $1.3bn for remaining stake in Mazor Robotics
02 Sep 2020
Executive Summary
Creating a global leader in the robotics-based spine surgery market, Medtronic PLC is paying $58.50 per American Depository Share (each representing two ordinary shares; a 19% premium) to acquire the remaining 89% of Israeli device maker Mazor Robotics Ltd. that is doesn’t already own.
Deal Industry
- Medical Devices
-
Medical Devices
- Implantable Devices
-
Surgical Equipment & Devices
- Minimally or Less Invasive
Deal Status
- Final
Deal Type
-
Acquisition
- Includes Contract
- Partial Acquisition
- Payment Includes Cash
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Medtronic pays $1.3bn for remaining stake in Mazor Robotics
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