Stryker to buy Inari Medical for nearly $5B [Yahoo! Finance]
Inari Medical, Inc. (NARI)
Company Research
Source: Yahoo! Finance
Dive Brief: Stryker has agreed to acquire Inari Medical for approximately $4.9 billion, the company announced late Monday. The transaction is expected to close in the first quarter. Under the deal, Stryker would acquire all of Inari's shares for $80 per share in cash, a premium of more than $30 over Friday's closing price. Inari's stock price closed at $65 Monday after surging by more than 30% in day trading. Inari would continue a busy year of dealmaking for Stryker in 2024, which included acquisitions of the artificial intelligence company Care.ai , the back pain device maker Vertos Medical and Nico Corporation , which makes devices to remove brain tumors and clots. Stryker did not disclose financial terms for the three deals. Dive Insight: Stryker's proposed acquisition of Inari kicks off medtech M&A in 2025 after a flurry of deals last year. Inari, based in Irvine, California, makes a variety of devices including catheter-based mechanical thrombectomy systems to treat
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NARI
News
- INARI MEDICAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Inari Medical, Inc. - NARIBusiness Wire
- Inari Medical, Inc. (NASDAQ: NARI) had its "equal weight" rating re-affirmed by analysts at Wells Fargo & Company. They now have a $80.00 price target on the stock, up previously from $65.00.MarketBeat
- $HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Inari Medical, Inc. - NARIPR Newswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates GETY, SSTK, NARI, CLBR on Behalf of ShareholdersPR Newswire
- Inari Medical, Inc. (NASDAQ: NARI) had its "market perform" rating re-affirmed by analysts at William Blair.MarketBeat
NARI
Earnings
- 10/28/24 - Miss
NARI
Sec Filings
- 1/7/25 - Form SC14D9C
- 1/7/25 - Form SC
- 1/7/25 - Form SC
- NARI's page on the SEC website