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Why Entellus Medical Inc. Skyrocketed Higher Today

TheMotleyFool

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Why Entellus Medical Inc. Skyrocketed Higher Today

Entellus Medical (NASDAQ: ENTL) is up 50% at 12:33 p.m. EST after announcing that it's being acquired by Stryker (NYSE: SYK) for $24 per share.

Stryker's investors seem to think the deal is just OK, with shares trading basically flat. Of course, at just over $600 million, it's a fairly small deal for Stryker, which sports a market cap of $56 billion.

Image source: Getty Images.

Source: Fool.com