(Reuters) - NEW YORK, July 16 - Knee and ankle brace maker DJO Inc. said on Monday it agreed to be bought by medical device maker ReAble Therapeutics Inc. for about $1.6 billion including debt, in a bid to increase its market share.
The cash offer of $50.25 per share by ReAble, which is controlled by private equity Blackstone Group . represents a 19 percent premium over DJO's Friday closing price of $42.10.
Read more at Reuters.com Mergers News
The cash offer of $50.25 per share by ReAble, which is controlled by private equity Blackstone Group . represents a 19 percent premium over DJO's Friday closing price of $42.10.
Read more at Reuters.com Mergers News
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