REG - Competition and Mkts - Merger Update: Stryker / Wright

StrykerAnnouncement

14/07/2020 13:05

RNS Number : 8330S
  
Competition and Markets Authority
  
14 July 2020
  
 

'CMA to look at Stryker/Wright undertakings offer in detail'
 
Decision that undertakings might be accepted
 
On 30 June 2020, the CMA announced that it is or may be the case that the above Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. 
 
On 7July 2020, Stryker offered undertakings to the CMA. The CMA has considered the undertakings offered and today announced that it considers that there are reasonable grounds for believing that the undertakings offered, or a modified version of them, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA. 
 
The CMA now has until 9 September 2020 to decide whether to accept the undertaking, with the possibility to extend this timeframe to 4 November 2020 if it considers there are special reasons for doing so. 
 
The text of this decision will be placed on the Competition and Market Authority's web site at https://www.gov.uk/cma-cases as soon as is reasonably practical.
 
In the event of media enquiries please email Press@cma.gov.uk or call on 020 3738 6460. 
 
For Publicity:
 
The full title of the Merger Case: Anticipated acquisition by Stryker Corporation of Wright Medical Group N.V.
The affected market: Healthcare and medical equipment
The merger reference code: ME/6870/19
 


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