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WMGI - Stryker to divest certain assets to get FTC blessing on Wright Medical deal
Wright Medical Group N.V.
The U.S. Federal Trade Commission ((FTC)) is requiring Stryker ([[SYK]] +1.8%) to sell its total ankle replacement and finger joint implant assets in order to receive agency approval for its $4B acquisition of Wright Medical Group ([[WMGI]] +0.2%) announced a year ago.Under the terms of the consent agreement, Stryker will divest the businesses to California-based DJO Global, Inc.