Biomet: I Would Cheer If The Deal Fell Apart

Eddy Elfenbein submits: A reader pointed out this item at FT's Alphaville about how the market could get spooked if a major private equity deal fell apart:

In the light of which, the first apocalyptic horseman to worry about is Biomet, the buyout of which is backed by Blackstone (BX), Goldman Sachs (GS), KKR (KFN) and TPG, looking to raise $7B in loans and bonds for the deal, including a $2.6B cov-lite loan.

One Deal Journal reader commented: "Biomet....Tender offer deadline 7/11/07. Anyone quoting odds?"

Personally, I would cheer if the deal fell apart.

BMET 1-yr chart:

Comments

[debra robin...:]

why?

2007 Jul 01 09:22 PM