Wright Medical expects early next month to close the books on the $270 million sale of its OrthoRecon business to China-based MicroPort Scientific Corp.
Tennessee orthopedics company Wright Medical (NSDQ:WMGI) is preparing to put a ribbon on the sale of its OrthoRecon business, a deal in the works wince June.
China-based MicroPort Scientific (HK:0853), which stands to gain a significant global presence with the OrthoRecon purchase, won clearance from the Hong Kong Stock Exchange to move forward with a Jan. 3, 2014, shareholder meeting to approve the transaction. Wright expects the deal to close less than a week later.
