Orthovita Inc VITA agreed to be purchased by Stryker Corp SYK in a deal valued at $316 million.
The purchase price of $3.85 per share in cash represents a 41% premium over VITA's closing price of $2.73 per share on Friday.
VITA shares fell 1.09% to close at $2.73 on Friday, while SYK shares gained 0.19% to close at $63.28 on Friday.
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