Northern, WI 06/21/2013 (usastockreport) – The share prices of Wright Medical Group Inc (NASDAQ:WMGI) had been traded in the price range of $25.68 and $27.47 per share on Thursday. The value per share was increased by 4.21 percent with a net change is $1.05 per share more when compare to the previous day. The opening price is $26.30 per share and closing price is $26.00 per share. The share price of WMGI had made a change in the 52 week high value as $27.47 per share, then 52 week low value $18.11 per share.
Wright Medical Group Inc (NASDAQ:WMGI) is a global orthopaedic medical device company specializing the design, manufacture and marketing of devices and biologic products for extremity, hip and knee repair and reconstruction. The company is provider of surgical solutions for the foot and ankle market. It offers products in four primary sectors: extremity reconstruction, biologics, knee reconstruction and hip reconstruction.
Wright Medical Group Inc (NASDAQ:WMGI) announced a definite agreement under which MicroPort Medical B.V., a subsidiary of Micro Scientific Corp., will acquire Wright’s OrthoRecon business for a purchase price of $290 million, and the price is subject to a net working capital adjustment and payable in cash at closing, which is expected to occur by the end of the third quarter or early in the fourth quarter of 2013. The net after tax proceeds for Wright Medical, including the transaction costs, is estimated to be about $260 million. Wright intends to use these net proceeds to fund transition growth opportunities for its extremities and biological business and pay certain retain retained liabilities.
The market capitalization value is about $1.21 billion and institutional investors shares is about 99 percent. The company had a trading volume as 1.11 million and the average volume as 335,168 per day on Thursday. The company presently holds 46.7 million shares outstanding in the market