Biomet makes a public bid to acquire DePuy Trauma Business for $280M Cash

Biomet Announces Offer to Acquire DePuy Trauma Business (press release)
Biomet bids on DePuy unit (Fort Wayne Gazette)
Biomet, Inc. a global leader in the manufacture of musculoskeletal medical products, announced today that it has made a binding offer to acquire the worldwide trauma business of DePuy Orthopaedics, Inc. Under the terms of the offer, which is subject to exclusivity protection, Biomet will pay approximately $280 million in cash. The binding offer was made in order to permit DePuy Orthopaedics to comply with its consultation obligations with various European works councils prior ...