US Stock Market Move | Stryker Corporation announced it will acquire Inari Medical (NARI.US), causing its stock to surge over 22%.

On Tuesday, Inari Medical (NARI.US) continued to rise by over 22% at the opening, with a nearly 60% increase over the past two trading days, reaching $79.29. On the news front, Stryker Corporation has agreed to acquire Inari Medical and plans to buy all of Inari's common stock at a price of $80 per share, with a total diluted equity value of approximately $4.9 billion. The boards of directors of both companies have approved the transaction, which is expected to be completed in the first quarter.