ZB to boot Spine and Dental businesses

Zimmer Biomet Announces Intent to Spin Off Spine and Dental Businesses (press release)

Tiger's quick takeaways:
#1 NEGATIVE - Spine and Dental businesses are not complementary. Makes no sense to me to combine them, other than ZBH wants to jettison the dogs to concentrate on higher growth and profit businesses. Spine and Dental have different customers making buying decisions, different sales/distribution, and different products and margins.
#2 POSITIVE - This spin-off will make Zimmer's core businesses, hip, knee, SET (Surgical, Sports Medicine, Foot and Ankle, Extremities and Trauma) muc...