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NUVA.US
id: 607

NuVasive (NUVA) & Globus Medical (GMED) M&A Case

  • #NuVasive's BoD unanimously approved the M&A deal with #GlobusMedical.
  • $NUVA #shareholders will receive 0.75 of $GMED A stock.
  • #Investors suspect that the pricing terms of the $NUVA & GMED #M&A deal are unfair.
On February 9, 2023, NuVasive (NASDAQ: NUVA), the leader in spine technology innovation, and Globus Medical (NYSE: GMED), a leading musculoskeletal solutions company, announced they have entered into a definitive agreement to combine in an all-stock transaction.

Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, NuVasive (NUVA) shareholders will receive 0.75 of a share of Globus Medical Class A common stock for each share of NuVasive common stock owned at the closing of the transaction.

Based on this exchange ratio, the implied share price for NuVasive (NUVA) would be $57.72, an equity value of $3.1 billion, based on Globus Medical's closing share price on February 8. Following the close of the transaction, NuVasive shareholders will own approximately 28% of the combined company, and Globus Medical shareholders will own approximately 72%, on a fully diluted basis.

Investors may have reasons to suspect that the pricing terms of the M&A transaction are unfair and that the Company BoD breached fiduciary duties to shareholders.
Alleged Offence
Mismanagement
Financial Misrepresentation
Failure to Disclose
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Shareholder
Investment Bank
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
09 March 2023
Collecting participants…

NuVasive Inc

NuVasive, Inc., a medical technology company, develops, manufactures, and sells procedural solutions for spine surgery. It provides surgical access instruments, including Maxcess integrated split-b...

    Ticker
    NUVA.US
    ISIN
    US6707041058
    CIK
    1142596
    Sector
    Healthcare
    Industry
    Medical Devices
    Country
    USA
    Address
    7475 Lusk Boulevard, San Diego, CA, United States, 92121