Medical device maker Stryker Corporation (SYK) entered a merger agreement on January 6, 2025, to acquire Inari Medical, Inc. (NARI) in an all-cash deal worth $4.9 billion.
Under the terms of the agreement, Stryker will commence a tender offer for all outstanding shares of Inari’s common stock for $80 per share in cash, representing a premium of 60.74% from the stock’s last close.