MAKO Surgical Corp. Stockholders Approve Merger With Stryker Corporation
13 Dezember 2013 - 10:05PM
MAKO Surgical Corp. (Nasdaq:MAKO) ("MAKO") announced that MAKO
stockholders voted at a special meeting of stockholders held today
to approve the adoption of the Agreement and Plan of Merger (the
"Merger Agreement") providing for the merger of MAKO with and into
a wholly owned subsidiary of Stryker Corporation (NYSE:SYK). Based
on a tabulation of the stockholder vote, approximately 99% of all
votes cast, which represents approximately 65% of all outstanding
shares on November 12, 2013, the record date for the special
meeting, were voted in favor of the merger. MAKO stockholders also
approved the proposal to approve, on an advisory (non-binding)
basis, specified compensation payable to the Company's named
executive officers in connection with the merger.
Under the terms of the Merger Agreement, MAKO stockholders will
receive $30 per share in cash at the closing of the merger. The
parties anticipate that the transaction will close on December 17,
2013, and the parties intend that promptly thereafter MAKO will be
delisted from Nasdaq.
About MAKO
MAKO Surgical Corp. is a medical device company that markets its
RIO® Robotic-Arm Interactive Orthopedic system, joint specific
applications for the knee and hip, and proprietary RESTORIS®
implants for orthopedic procedures called MAKOplasty®. The RIO is a
surgeon-interactive tactile surgical platform that incorporates a
robotic arm and patient-specific visualization technology, which
enables precise, consistently reproducible bone resection for the
accurate insertion and alignment of MAKO's RESTORIS implants. The
MAKOplasty solution incorporates technologies enabled by an
intellectual property portfolio including more than 300 U.S. and
foreign, owned and licensed, patents and patent applications.
Additional information can be found at www.makosurgical.com.
CONTACT: MAKO Surgical Corp.
954-628-1706
investorrelations@makosurgical.com
or
Westwicke Partners
Mark Klausner
443-213-0500
makosurgical@westwicke.com
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