Zimmer Completes Combination with Biomet
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Brean Capital Downgrades Zimmer Holdings (ZMH) to Hold
June 25, 2015 6:27 AM UTCBrean Capital downgraded Zimmer Holdings (NYSE: ZMH) from Buy to Hold following FTC clearance and the subsequent closing of Biomet acquisition.
Analyst Jason Wittes commented, "While we viewed this announcement very positively, as discussed below, things get tougher from here, certainly from an... More
Zimmer Holdings (ZMH) Announces Completion of Combination with Biomet
June 24, 2015 1:09 PM UTCZimmer Holdings (NYSE: ZMH) today announced that, following the receipt of U.S. Federal Trade Commission clearance, Zimmer has completed the acquisition of Biomet in a cash and equity transaction currently valued at approximately $14.0 billion. In connection with the combination, Zimmer has changed its corporate name to Zimmer Biomet Holdings, Inc. The Company will trade on the New York Stock Exchange and the SIX Swiss Exchange under the ticker symbol ZBH beginning June 29, 2015.
"The coming together of Zimmer and Biomet is a momentous achievement. We are excited to move forward as one... More
