Biomet merger vote scheduled.

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Shareholders of Biomet Inc. are scheduled to vote June 8 on the company’s $10.9 billion acquisition by several private equity firms. The special shareholder meeting will be in Chicago.

Shareholders holding at least 75 percent of the company’s common stock must vote in favor of the merger for it to be approved.

In December, Biomet agreed to be bought by LVB Acquisition LLC; Goldman, Sachs & Co.; Kohlberg Kravis Roberts; and Texas Pacific Group. If the merger is approved, shareholders will receive $44 a share in cash.

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In