Why Wright Medical Group Stock Is Soaring Today

In response to the company's announcement that it has accepted a takeover offer, shares of Wright Medical Group (NASDAQ: WMGI), a medical device maker focused on extremities and biologics products, rose 28%% as of 10:25 a.m. EST on Monday.

Wright Medical Group announced today that it has agreed to be acquired by Stryker (NYSE: SYK).

Here are the details of the proposed transaction:

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Source Fool.com