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Stryker enters $701M deal to buy Canadian imaging technology firm

Stryker will pay approximately $701 million for NOVADAQ Technologies, a Canadian maker of fluorescent imaging technology for blood flow visualization, in a definitive deal that represents a 96% premium on NOVADAQ's closing share price on June 16. The acquisition, which is expected to be completed at the end of the third quarter, is subject to approval by NOVADAQ shareholders and other customary closing conditions.

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