Globus Medical to merge with NuVasive in a proposed $3.1B all-stock deal

A Montgomery County medical device manufacturer has agreed to merge with a California medical technology company in an all-stock deal valued at more than $3 billion.

Both Globus Medical (NYSE: GMED) of Audubon and NuVasive (NASDAQ: NUVA) of San Diego specialize in products for the treatment of spine and other musculoskeletal disorders.

Under the terms of the proposed merger agreement, which has been unanimously approved by the boards of both companies, NuVasive shareholders will receive 0.75 of…

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