TPG will pay approximately $49.25 per share for each share of the Gainesville, Fla.-based company, up from an initial $42 per share offer it made to the company in October.
A total of 94.5% of shareholders voted in favor of the merger, representing approximately 73.7% of outstanding common shares, according to a press release from the company.
The deal includes provisions that would see founders Dr. Bill Petty, Betty Petty and CEO David Petty exchange their collective 18.8% stake for shares in the private version of Exactech at the same $49.25 rate, the company said.
The acquisition is expected to close tomorrow, taking the company private and removing it from trade on the NASDAQ exchange.
In December, Exactech said its Vantage total ankle mobile bearing system was used in its first commercial surgery.
At DeviceTalks Boston, Tyler Shultz will give attendees an inside look at Theranos and how he was able to sound the alarm after he realized the company was falling apart. Shultz will take attendees behind the story that everyone is talking about: the rise and fall of Elizabeth Holmes and her diagnostic company, Theranos.
Join Shultz and 1,000+ medical device professionals at the 8th annual DeviceTalks Boston.