Mako Surgical (UNKNOWN: MAKO.DL ) has been one of the most controversial stocks in the medical device space over the last two years. Shares have plunged more than 50% over this time span, and the company hasn't been able to become profitable. Today, however, some shareholders may be smiling at the company's reversal of fortune.
In a surprising move that caught many investors by surprise, medical device specialist Stryker (NYSE: SYK ) announced that it will acquire Mako for a hefty $1.65 billion. Health care analyst Max Macaluso has details on this deal in the following video.
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