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EU: Regulator to clear Zimmer’s $13.4 billion Biomet deal

By  |  March 18, 2015

Zimmer, US medical device maker, is set to secure conditional approval from European Union regulators for its proposed $13.4 billion takeover of rival Biomet, Reuters reported on Wednesday.

Zimmer, which would become the No. 2 player in the $45 billion global orthopaedics market after the acquisition, revised its concessions to the European Commission last month, saying they were generally consistent with an earlier package.

In December the company proposed selling one brand for partial, or unicompartmental, knee replacements and one elbow brand in Europe, as well as a knee replacement brand in two European countries.

The EU competition authority has set a May 26 deadline for its decision.

 

Full Content: Reuters

 

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