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Wright Medical

This article was originally published in The Gray Sheet

Executive Summary

Terminates negotiations to acquire Advanced Spine Fixation Systems. The two companies signed a letter of intent in March under which Wright would have purchased all stock in Cypress, California-based Advanced Spine ("The Gray Sheet" March 7, In Brief). Wright officials cite an inability to specify terms as the cause of the breakdown in negotiations. Wright notes that it is "pursuing many other opportunities which will lead to our entry into this market"

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