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Novadaq shareholders approve Stryker acquisition

Novadaq Technologies Inc.'s shareholders, at a special meeting, voted in favor of the company's acquisition by Stryker Corp. for $11.75 per share in cash.

The company will apply for approval of the arrangement by the Ontario Superior Court of Justice on Aug. 9.

Closing of the deal is expected in the third quarter, subject to regulatory approvals and customary closing conditions.