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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowBiomet Inc. chief executive Dane Miller won’t lead the
Miller, who has an equity stake in the acquisition, will be a director. But his involvement won’t extend to a formal management role, the newspaper reported, citing a proxy statement and interview with Miller.
The buyer—LVC Acquisition LLC—includes Miller, The Blackstone Group, Goldman Sachs & Co., Kohlberg Kravis Roberts and Texas Pacific Group. The deal is expected to close Oct. 31.
Miller has established an office at
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