Zimmer Biomet Holdings (ZBH) Prices 7.44M Share Secondary at $129.75/Share

August 10, 2016 8:20 AM EDT

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Zimmer Biomet Holdings, Inc. (NYSE: ZBH) today announced the pricing of the previously announced underwritten secondary offering of 7,440,675 shares of its common stock by certain of its stockholders, consisting of affiliates of KKR and TPG. The shares are being sold to the public at an initial price of $129.75 per share. The selling stockholders will receive all of the proceeds of the offering. Neither Zimmer Biomet nor any of its directors, officers or other stockholders is selling any shares of common stock in the offering. The closing of the offering is expected to occur on August 12, 2016, subject to the satisfaction of customary closing conditions.

Goldman, Sachs & Co. and J.P. Morgan are acting as joint book-running managers and the underwriters for the offering.

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