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Zimmer Biomet Buys LDR To Boost Spine Revenue Growth

 
• By Reed Miller

The $1 billion acquisition of the maker of the Mobi-C cervical disc replacement is expected to put Zimmer Biomet in a better position in the spine device market.

The world's second-largest orthopedic device firm Zimmer Biomet Holdings Inc. is making its biggest move since Zimmer and Biomet came together in 2015 with a $1 billion acquisition of spine-device specialists LDR Holding Corp.

At $37 per share, Zimmer Biomet will pay a 64% premium above LDR’s last closing share price before the deal was announced on June 7. Zimmer Biomet is paying the...

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