Zimmer needs another 3 months to close Biomet deal

Zimmer Extends Termination Date for Biomet Deal (NASDAQ)
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Zimmer must divest pipeline projects, IP rights, licenses and customer contracts to satisfy EU
Zimmer Holdings Inc. said Monday the termination date for its pending $13.4 billion merger with Biomet Inc. has been extended to July 23.
The terms of the merger agreement allowed for either party to extend the termination date, or "outside date," for an additional 90 days if regulatory clearances were yet to be obtained. The previous termination date was April 24.
The European Commission last month c...