Wright Medical Group, NV (WMGI - $30.48 - NASDAQ) (WMGI, Financial), is a medical device manufacturer specializing in lower extremity (foot, ankle), upper extremity (shoulder, elbow, wrist) and biologic products to mechanically repair tissue-to-tissue and tissue-to-bone injuries. Despite an execution mis-step that led the stock down 31% in the third quarter, the company’s growth by acquisition strategy and unique positioning in the orthopedics space attracted the attention of Stryker (SYK) who offered to acquire Wright at a 50% premium.
From Keeley Asset Management's Keeley Small-Mid Cap Value Fund fourth-quarter 2019 shareholder commentary.
