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EX-99.1 - EXHIBIT 99.1 - STRYKER CORPsykex991040516.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 5, 2016
 
STRYKER CORPORATION
(Exact name of registrant as specified in its charter)
Michigan
(State or other jurisdiction
of incorporation)
000-9165
(Commission
File Number)
38-1239739
(IRS Employer
Identification No.)
 
 
 
2825 Airview Boulevard, Kalamazoo, Michigan
(Address of principal executive offices)
49002
(Zip Code)
 
 
 
Registrant's telephone number, including area code: 269.385.2600

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





ITEM 2.01
COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On April 5, 2016, Stryker Corporation, a Michigan corporation (“Stryker”) and Computer Merger Sub Corp., a Delaware corporation (“Merger Sub”) and wholly owned subsidiary of Stryker, completed the acquisition of Charger Holding Corp., a Delaware corporation (“Charger”) pursuant to the terms of the previously announced Agreement and Plan of Merger, dated as of February 13, 2016 (the “Merger Agreement”), by and among Stryker, Merger Sub, Charger, and Bain Capital Partners, LP, solely in its capacity as the representative as set forth therein. As a result of the merger, Merger Sub merged with and into Charger, with Charger surviving as the surviving corporation and a wholly owned subsidiary of Stryker. Total consideration for the transaction was approximately $1.28 billion on a debt free cash free basis, subject to working capital and other post-closing adjustments.
The foregoing description of the Merger Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Merger Agreement, which Stryker filed as exhibit 2.1 on a Form 8-K dated February 13, 2016. All summaries and descriptions of the Merger Agreement set forth above are qualified in their entirety by Merger Agreement.
ITEM 7.01
REGULATION FD DISCLOSURE
On April 5, 2016, Stryker issued a press release announcing the completion of the merger. A copy of the press release is furnished as Exhibit 99.1, and is incorporated in this Item 7.01 by reference.
The information in this Item 7.01 and Exhibit 99.1 hereto are being “furnished” and shall not be deemed filed for purposes of Section 18 of the United States Securities Act of 1934, as amended (the “Exchange Act”), or incorporated by reference into the filings of Stryker that provide for the incorporation of all reports and documents filed by Stryker under the Exchange Act.
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
 
 
 
(d)
 
Exhibits
 
 
 
99.1
 
Press release dated April 5, 2016






SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
STRYKER CORPORATION
 
 
(Registrant)
 
 
 
 
 
 
April 5, 2016
 
/s/ GLENN S. BOEHNLEIN
Date
 
Glenn S. Boehnlein
 
 
Vice President, Chief Financial Officer