M&A
confidence high
sentiment neutral
materiality 0.90
Globus Medical shareholders approve share issuance for NuVasive merger; 99.92% vote in favor
GLOBUS MEDICAL INC
- 99.92% of votes cast approved share issuance; 99.66% of Class A and 100% of Class B voted for.
- Exchange ratio: 0.75 Globus Class A shares for each NuVasive share; NuVasive holders to own ~28% of combined co.
- Combined company will have over 5,000 employees focused on musculoskeletal solutions and enabling technologies.
- Merger expected to close after regulatory clearance and satisfaction of other customary conditions.
- Globus Medical to report Q1 2023 earnings on May 4, 2023.