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K2M Group Holdings Inc (KTWO.OQ)

KTWO.OQ on NASDAQ Stock Exchange Global Select Market

27.29USD
21 Sep 2018
Change (% chg)

$-0.01 (-0.04%)
Prev Close
$27.30
Open
$27.33
Day's High
$27.33
Day's Low
$27.25
Volume
278,837
Avg. Vol
135,958
52-wk High
$27.50
52-wk Low
$16.44

Latest Key Developments (Source: Significant Developments)

Reg-Stryker Announces Definitive Agreement To Acquire K2M
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Stryker Corp ::REG-STRYKER ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE K2M.REG-STRYKER ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE K2M.STRYKER - ACQUISITION OF K2M IS EXPECTED TO HAVE IMMATERIAL DILUTIVE IMPACT TO CO'S NET EPS & ADJUSTED NET EPS IN 2018.STRYKER - REAFFIRMS PREVIOUSLY STATED LONG-TERM FINANCIAL GOALS FOR SALES, OPERATING MARGINS & ADJUSTED NET EPS.STRYKER CORP - NO CHANGE TO STRYKER'S PREVIOUSLY ANNOUNCED EXPECTED ADJUSTED NET EPS FOR FULL YEAR.STRYKER - BRADLEY W. PADDOCK, CURRENT PRESIDENT OF STRYKER'S SPINE DIVISION, TO ASSIST WITH TRANSITIONING RESPONSIBILITIES TO ERIC D. MAJOR.  Full Article

K2M Group Holdings Inc To Be Acquired By Stryker Corp For Approx $1.4 Bln
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - K2M Group Holdings Inc ::K2M GROUP HOLDINGS, INC. ANNOUNCES DEFINITIVE AGREEMENT TO BE ACQUIRED BY STRYKER CORPORATION.K2M GROUP HOLDINGS INC - DEAL FOR $27.50 PER SHARE.K2M GROUP HOLDINGS INC - DEAL FOR APPROXIMATELY $1.4 BILLION.K2M GROUP - K2M'S CHAIRMAN, CEO , PRESIDENT ERIC D. MAJOR EXPECTED TO BE APPOINTED AS PRESIDENT OF STRYKER'S SPINE DIVISION.K2M GROUP HOLDINGS INC - K2M WILL BECOME A WHOLLY OWNED SUBSIDIARY OF STRYKER CORPORATION.K2M GROUP HOLDINGS INC - DEAL APPROVED BY BOARD OF BOTH COMPANIES AND NOT SUBJECT TO ANY FINANCING CONDITION.K2M GROUP - STRYKER TO ACQUIRE ALL SHARES OF K2M IN ALL CASH DEAL.  Full Article

K2M Group Holdings Reports Preliminary Q4 And FY17 Results
Monday, 8 Jan 2018 

Jan 8 (Reuters) - K2M Group Holdings Inc ::- ‍TOTAL Q4 REVENUE OF $67.3 MILLION TO $67.9 MILLION, UP ABOUT 9% TO 10% YEAR-OVER-YEAR, OR 8% TO 9% ON A CONSTANT CURRENCY BASIS​.Q4 REVENUE VIEW $65.6 MILLION -- THOMSON REUTERS I/B/E/S.K2M GROUP HOLDINGS, INC. REPORTS PRELIMINARY FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.- CONTINUES TO EXPECT 2017 NET LOSS AND ADJUSTED EBITDA WILL BE WITHIN RANGE OF ITS PREVIOUS GUIDANCE.K2M GROUP HOLDINGS - ‍EXPECT REVENUE TO INCREASE 9 PERCENT-10 PERCENT IN 2018 WITH IMPROVED PROFITABILITY​.  Full Article

K2M Group Holdings reports Q3 loss per share $0.20
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - K2M Group Holdings Inc :K2M Group Holdings Inc reports third quarter 2017 financial results.Q3 loss per share $0.20.Q3 revenue $62.7 million versus I/B/E/S view $66 million.Sees fy 2017 revenue up 8 to 9 percent.Sees fy 2017 revenue $255 million to $257 million.Q3 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S.K2M Group Holdings Inc - ‍reaffirming its fiscal year 2017 revenue guidance expectations which were updated in a press release on October 8, 2017​.K2M Group Holdings Inc - ‍updating its fiscal year 2017 guidance expectations for net loss and adjusted EBITDA loss​.K2M Group Holdings Inc - ‍ expects fiscal year 2017 total net loss of approximately $37.0 million to $35.0 million​.K2M Group Holdings Inc sees ‍ fiscal year 2017 adjusted EBITDA in a range of $1.0 million to $3.0 million​.Fy2017 revenue view $255.9 million -- Thomson Reuters I/B/E/S.  Full Article

K2M acquires FDA-cleared cervical static corpectomy cage
Monday, 23 Oct 2017 

Oct 23 (Reuters) - K2M Group Holdings Inc ::K2M acquires world’s first & only FDA-cleared cervical static corpectomy cage.K2M Group Holdings Inc - ‍acquired from cardinal spine, a privately held medical device company, Palo Alto cervical static corpectomy cage system​.K2M Group Holdings Inc - ‍in addition to Palo Alto, K2M has also acquired associated intellectual property and product inventory​.  Full Article

K2M Group Holdings enters into an amendment to senior secured credit facilities credit agreement
Friday, 13 Oct 2017 

Oct 13 (Reuters) - K2m Group Holdings Inc :K2M Group Holdings - ‍entered into an amendment to co's senior secured credit facilities credit agreement, dated as of October 29, 2012​ - Sec filing.K2M Group Holdings Inc - ‍amendment extends maturity date of revolving credit facility from April 26, 2018 to April 26, 2019​.  Full Article

K2M GROUP HOLDINGS SEES Q3 REVENUE ABOUT $62.7 MILLION
Monday, 9 Oct 2017 

Oct 9 (Reuters) - K2M Group Holdings Inc ::K2M GROUP HOLDINGS, INC. REPORTS PRELIMINARY THIRD QUARTER REVENUE RESULTS AND UPDATES FULL YEAR 2017 REVENUE OUTLOOK.SEES FY 2017 REVENUE UP 8 TO 9 PERCENT.SEES Q3 REVENUE ABOUT $62.7 MILLION.SEES REPORTED FY 2017 REVENUE $255 MILLION TO $257 MILLION.FY2017 REVENUE VIEW $265.8 MILLION -- THOMSON REUTERS I/B/E/S.Q3 REVENUE VIEW $67.3 MILLION -- THOMSON REUTERS I/B/E/S.K2M GROUP - ‍UPDATED FISCAL YEAR REVENUE GUIDANCE RANGE REFLECTS AN ESTIMATED $2 MILLION IMPACT IN RELATED DISRUPTIONS FROM HURRICANES​.K2M GROUP - ‍PRELIMINARY Q3 REVENUE PERFORMANCE DRIVEN BY DISRUPTION OF ACCOUNT ACTIVITY RELATED TO HURRICANES IN TEXAS, FLORIDA, PUERTO RICO.  Full Article

Deals of the day-Mergers and acquisitions

Aug 30 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Medical device maker Stryker Corp said it will buy smaller rival K2M Group Holdings Inc for about $1.4 billion, adding K2M's fast-growing spinal implant technology to its business. ** France is to create a state-owned bank and insurer focused on the country's rural areas by merging La Poste's banking arm with insurer CNP Assurances. ** Israel's Delek Group said it had sold a 4.9 p