Second suitor ceded early to Zimmer in chase for Biomet (MassDevice)
Your Dashboard for the Zimmer-Biomet merger
A 2nd suitor for orthopedic device maker Biomet ceded the field early to Zimmer, regulatory filings show, but Biomet held out for better terms from its cross-town rival.
In the early days of Zimmer's (NYSE:ZMH) courtship of Biomet, a 2nd suitor emerged who eventually ceded the field to concentrate on "internal projects," according to a regulatory filing.
And Biomet played hard-to-get, pursuing plans for an IPO until very late in the game and holding out for a higher valuation from Z...
