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So You Sold MAKO Surgical: Now What?

Two weeks ago, shares of MAKO Surgical (UNKNOWN: MAKO.DL  ) skyrocketed more than 80% after the company announced it had agreed to be acquired by Stryker Corporation (NYSE: SYK  ) for $30 per share, or roughly $1.65 billion in cash.

Of course, you can't blame many shareholders for deciding to take profits following the pop.

However, if you happen to be one of those lucky investors, chances are you're now looking for another promising place to put that money to work now that MAKO's no longer an option.

In the following video, Fool contributor Steve Symington provides four stocks that former MAKO investors might consider buying with their newly won riches.

What do you think? Watch the full video below to hear Steve's four picks, then weigh in using the comments section below.

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Read/Post Comments (4) | Recommend This Article (8)

Comments from our Foolish Readers

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  • Report this Comment On October 10, 2013, at 10:47 AM, RichesToWealth wrote:

    This is my first experience of a company being acquired. I bought MAKO at $14. If I don't sell and hold on till Stryker finalizes its acquisition, would my shares automatically be sold at $30, or for less, or rolled over into SYK? Thanks

  • Report this Comment On October 10, 2013, at 11:32 AM, TMFSymington wrote:

    @RichesToWealth: If you hang on until Stryker finalizes its acquisition, your shares will be cashed out at $30 per share per the terms of the agreement (so no automatic rollover into shares of SYK).

    For reference, that's just 1% above MAKO's current price per share of $29.70.

    Is that worth the wait? That's up to you, but one additional thing to consider is exactly how long you've owned your shares of MAKO for tax purposes.

    Once again it's entirely your call, but if you're particularly close to holding for a year -- and depending on your tax bracket -- it might be worth waiting until you've passed that 1 year threshold (assuming the acquisition doesn't close before then) so you can take advantage of lower long-term capital gains taxes.

    In any case, congrats! Trying to figure out how to handle your gains is an enviable problem to have.

    Fool on,


  • Report this Comment On October 10, 2013, at 12:25 PM, RichesToWealth wrote:

    Steve, I guess the tax thing was my concern as well. I've only held this for about 3 months or so. I'm not sure if this is treated differently if I waited and let the SYK cash me out.

  • Report this Comment On October 12, 2013, at 7:10 AM, zschnoor wrote:

    syk is the best pick of the four options proposed. Stable, established, and more diversified than any of the other companies mentioned. The mako acquisition will provide them growth and innovation which will further their lead in the space long term

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