other material
confidence high
sentiment neutral
materiality 0.25
Stryker to refund $1.85/share Dutch withholding tax to former Wright shareholders after tax proposal not enacted
STRYKER CORP
- $1.85 per share Dutch dividend withholding tax was withheld from Wright shareholders exchanging shares for cash in the merger.
- Dutch legislative proposal on conditional final dividend withholding tax not enacted by January 1, 2022, so no remittance to Dutch authorities.
- Stryker instructed the paying agent to return the $1.85 per share to each former Wright shareholder from whom it was withheld.
- Payment expected promptly; no refund for shares purchased in Stryker's tender offer.