Zimmer Holdings, Inc. (ZMH) Tops Q1 EPS by 3c

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Go back to Zimmer Holdings, Inc. (ZMH) Tops Q1 EPS by 3c

Zimmer (ZMH) to Acquire Biomet in ~$13.35B Deal

April 24, 2014 7:04 AM EDT

Zimmer Holdings, Inc. (NYSE: ZMH) and Biomet, Inc.'s parent company announced that their respective Boards of Directors have approved a definitive agreement under which Zimmer will acquire Biomet in a cash and stock transaction valued at approximately $13.35 billion, including the assumption of net debt. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the first quarter of 2015.

The merger of Zimmer and Biomet will position the combined company as a leader in the $45 billion musculoskeletal industry and is aligned with Zimmer's strategic framework, which... More