Smith & Nephew To Acquire ArthroCare For $1.7B
February 03, 2014 at 04:30 AM EST
Smith & Nephew PLC (NYSE: SNN ) announced its plans to buy ArthroCare (NASDAQ: ARTC ) for $1.7 billion in cash. Smith & Nephew will pay $48.25 per share in cash to acquire ArthroCare, representing a 6.3% premium to ArthroCare's closing shares price on January 31. ArthroCare shares fell
