Biomet Buyout Offer Was Way Too Low

May.30.07 | About: Biomet Inc. (BMET)

Eddy Elfenbein submits: Great news this morning. Institutional Shareholder Services, the highly influential shareholder-advisory service, recommended voting against the Biomet Inc. (Pending:BMET) buyout offer.

It's about time someone spoke out against this deal. I wrote an open letter against the offer in December. Considering what a strong company Biomet is, the private equity offer of $44 a share is way to low.

BMET 1-yr chart:

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