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Smith & Nephew To Acquire ArthroCare For $1.7B

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Smith & Nephew PLC (NYSE: SNN) announced its plans to buy ArthroCare (NASDAQ: ARTC) for $1.7 billion in cash.

Smith & Nephew will pay $48.25 per share in cash to acquire ArthroCare, representing a 6.3% premium to ArthroCare's closing shares price on January 31.

ArthroCare shares fell 0.46% to close at $45.38 on Friday.

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