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Stryker's buyout of Wright Medical raises antitrust concerns, UK CMA says

( June 30, 2020, 13:26 GMT | Official Statement) -- MLex Summary: Stryker's planned purchase of Wright Medical Group raises antitrust concerns, the UK's Competition and Markets Authority has said. The CMA said the $4.2 billion deal, which combines US-based medical technology companies, could lead to a reduction of competition in the supply of total ankle replacement prosthetics. The companies have until July 7 to address the CMA’s concerns, otherwise the transaction will be referred for an in-depth probe. Statement follows. The decision and summary is attached....

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