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Stock Market & Financial Investment News

News Breaks
August 8, 2014
08:19 EDTTRNXTornier upgraded at BMO Capital
As noted earlier, BMO Capital upgraded Tornier to Outperform from Market Perform. After the company reported better than expected Q2 results, the firm thinks the results were very good and says that the business' visibility has increased. Target to $24 from $20.
News For TRNX From The Last 14 Days
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September 30, 2015
11:48 EDTTRNXFTC requires divestitures as condition of Wright Medical, Tornier merger
Wright Medical Group (WMGI) and Tornier (TRNX) have agreed to sell Tornier's U.S. rights and assets related to its total ankle replacements and total silastic toe joint replacements to resolve Federal Trade Commission charges that the proposed $3.3B merger would illegally reduce competition for these devices, the FTC announced. Under the proposed settlement, Wright and Tornier will divest the rights and assets to these devices to Integra Lifesciences (IART) and provide Integra with intellectual property, manufacturing technology, and existing inventory, as well as other assets and assistance to ensure that Integra can effectively compete in the markets. The proposed order also requires Wright and Tornier to supply Integra with total ankle replacements for up to three years and total silastic toe joint replacements for up to a year, while Integra transitions to become an independent competitor in these markets.

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