The Firm is representing K2M Group Holdings, Inc. (NASDAQ: KTWO) (“K2M”), in connection with K2M’s proposed acquisition by Stryker Corporation (NYSE: SYK) (“Stryker”) for $27.50 in cash per share, or a total equity value of approximately $1.4 billion. The transaction is expected to close late in the fourth quarter of 2018, and is subject to customary closing conditions, including approval by K2M’s stockholders and the receipt of certain regulatory approvals.
K2M is a global leader of complex spine and minimally invasive solutions. K2M designs, develops, and commercializes innovative complex spine and minimally invasive spine technologies and techniques used by spine surgeons to treat complicated spinal pathologies. Stryker is one of the world's leading medical technology companies, offering products and services through its Orthopaedics; Medical and Surgical; and Neurotechnology and Spine divisions.
The Simpson Thacher team includes Eric Swedenburg, Jakob Rendtorff, Erika Tang and Sheena Shah (M&A); Kenneth Wallach, Jonathan Ozner (Corporate); Janice Brunner and Brenda Schulz (Public Company Advisory Practice); Roxane Reardon and Lia Toback (Capital Markets); David Rubinsky, Patricia Adams and Andrew Mandelbaum (Executive Compensation and Employee Benefits); Marcy Geller and Sophie Staples (Tax); Chris Brown and James Doyle (Banking and Credit); Lori Lesser and Amber Harezlak (IP); Sara Razi, Ellen Frye, John Goheen, Elias Boujaoude and Benjamin Sunshine (Antitrust); and Adeeb Fadil (Environmental).