Medical Device Companies
Biomet Announces Offer to Acquire DePuy Trauma Business
Published in Medical Devices and Surgical Technology Week, April 22nd, 2012
2012 APR 22 -- Biomet, Inc. a global leader in the manufacture of musculoskeletal medical products, announced that it has made a binding offer to acquire the worldwide trauma business of DePuy Orthopaedics, Inc. Under the terms of the offer, which is subject to exclusivity protection, Biomet will pay approximately $280 million in cash. The binding offer was made in order to permit DePuy Orthopaedics to comply with its consultation obligations with various European works councils prior to entering into a negotiated, mutually binding purchase agreement.
"This transaction will provide Biomet with a much stronger presence in the global trauma market and greatly...
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