LDR: Zimmer Biomet to close $1B LDR Holding buyout later today

Zimmer Biomet (NYSE:ZBH) said today that it expects to close its $1 billion acquisition of LDR Holding (NSDQ:LDRH) later today, after its $37-per-share tender offer reaped about 88.9% of LDR's outstanding shares. The deal, which last month cleared the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, isn't expected to affect Zimmer Biomet's sales outlook, with adjusted earnings per share likewise unaffected [...]The post Zimmer Biomet to close $1B LDR Holding buyout later today appeared first on MassDevice.