Medical device maker Stryker to buy Hong Kong's Trauson for $764 mln
Jan 17 (Reuters) - Medical device maker Stryker Corp said it will buy Hong Kong-based Trauson Holdings Co Ltd for $764 million in an all cash deal, to expand in one of the fastest-growing markets for orthopaedic products in China.
Stryker will pay HK$7.50 ($0.97) for every share of Trauson.
Trauson's controlling shareholder, Luna Group, has agreed to tender 61.7 percent of Trauson shares.
Jan 17- Medical device maker Stryker Corp said it will buy Hong Kong- based Trauson Holdings Co Ltd for $764 million in an all cash deal, to expand in one of the fastest-growing markets for orthopaedic products in China. Stryker will pay HK $7.50 for every share of Trauson.