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Fly News Breaks for September 21, 2018
MDT, MZOR
Sep 21, 2018 | 07:36 EDT
Needham analyst Mike Matson upgraded Mazor Robotics (MZOR) to Hold from Underperform after its announced acquisition by Medtronic (MDT). The analyst notes that other bidders are unlikely to emerge given that Medtronic is "currently the exclusive global distributor of the Mazor X spinal robotics system" and already owns a significant part of the company. Matson adds that since the two companies do not compete in the same segment of the spine market, any anti-trust issues are unlikely to emerge in the regulatory review.
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