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Fly News Breaks for March 22, 2017
WMGI
Mar 22, 2017 | 09:19 EDT
Needham analyst Mike Matson thinks Wright Medical is a potential acquisition candidate. However, the analyst also believes the list of potential buyers is short and that the company's current margins would limit earnings accretion for potential buyers. Additionally, Matson notes that both management and board members have sold Wright Medical shares recently, which seems unusual if a deal were imminent. He reiterates a Hold rating on the shares.
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