BIOMET SEEKING $1 BILLION IN IPO? (Orthopedics This Week)
According to the Wall Street Journal, Biomet, Inc. is in talks with bankers about an initial public offering (IPO).
The Journal reported on February 12, 2014 that the company is in discussion with banks about returning to public ownership after being taken private for $11.3 billion in 2007 by four Wall Street buyout firms. The buyout came after company founder, Dane Miller, Ph.D. was removed as the company CEO. He returned with the bankers to retake the public company by buying out the public shareholders. According to securities filing...
