Zimmer Biomet acquires LDR Spine for $1B (6 X sales)

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Zimmer Biomet to Acquire LDR to Enhance Growth of Spine Business (press release)
This positions the company to capitalize on faster growing spine segments, including cervical disc replacement.
Zimmer Biomet Holdings Inc. and LDR Holding Corporation (LDR), a global medical device company focused on designing and commercializing novel and proprietary surgical technologies for the treatment of patients suffering from spine disorders, today announced that both Boards of Directors have approved a definitive agreement under which Zimmer Biomet will commence a tender offer to acquire all of the outst...

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