The U.S. Federal Trade Commission said today that it would require Stryker (NYSE:SYK) and Wright Medical (NSDQ:WMGI) to divest certain assets in their merger.
According to a report from MarketScreener, the FTC approved a final order settling charges that Stryker’s proposed acquisition of Wright Medical would violate antitrust law.
The companies confirmed the $4.7 billion merger last month after it had been about a year in the making and was subject to plenty of scrutiny and many hurdles along the way.
Under the FTC order, the companies will be required to divest all assets associated with Stryker’s total ankle replacements and finger joint implants to DJO Global.
