After Investing Millions, Medtronic To Buy Mazor Robotics For $1.6 Billion



Via News Release

“DUBLIN and CAESAREA, Israel, Sept. 20, 2018 /PRNewswire/ — Medtronic plc (NYSE :MDT ), a global leader in medical technology, and Mazor Robotics (NASDAQ :MZOR , TASE: MZOR.TA), a pioneer in the field of robotic guidance systems, today announced the companies have entered into a definitive merger agreement under which Medtronic will acquire all outstanding ordinary shares of Mazor for $58.50 per American Depository Share, or $29.25 (104.80 ILS) per ordinary share, in cash, for a total of approximately $1.64 billion, or $1.34 billion net of Medtronic’s existing stake in Mazor and cash acquired. The boards of directors of both companies have unanimously approved the transaction.”