Stryker's Shocking Move for Mako Surgical

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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Related Tickers

12/31/1969 7:00 PM
MAKO.DL $0.00 Down +0.00 +0.00%
MAKO Surgical CAPS Rating: ****
SYK $117.51 Up +1.30 +1.12%
Stryker CAPS Rating: *****