At a special meeting, stockholders of K2M Group Holdings, Inc. approved the adoption of the Agreement and Plan of Merger, dated as of August 29, 2018, as it may be amended from time to time, by and among Stryker Corporation, Austin Merger Sub Corp. and K2M. Subject to the terms and conditions of the Merger Agreement, Merger Sub, a wholly-owned subsidiary of Stryker, will be merged with and into K2M with K2M surviving the merger as a direct or indirect wholly-owned subsidiary of Stryker.
The parties are actively working towards closing, and K2M continues to anticipate that the merger will close in the fourth quarter of 2018. In addition to K2M stockholder approval, the completion of the merger is subject to other customary closing conditions. Upon the closing of the merger, the Company’s stockholders will have the right to receive $27.50 in cash, without interest and less any applicable withholding taxes, for each share of common stock of K2M that they own immediately prior to the effective time of the merger.