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Zimmer Biomet to acquire Medtech for €120M

  • Zimmer Biomet Holdings (ZBH +0.3%) announces its intent to acquire all the outstanding shares of French medical technology firm Medtech SA for €50 a share or ~€120M. Zimmer has already purchased 1,406,511 shares representing a 58.77% stake, including all the outstanding convertible bonds and warrants previously issued by Medtech to Ally Bridge Group.
  • Medtech will be Zimmer's center of excellence for the development of robotics.

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