Zimmer Biomet Holdings Inc., an Indiana-based medical device company, will buy another med-device company, LDR Holding Corp., in a bid to boost its Colorado-based spinal business.
Zimmer Biomet's Spine Division is headquartered in Broomfield, offering spine-related medical-device products as well as training and clinical support to surgeons.
In a statement, It said both company's boards have agreed to allow Zimmer to make a tender offer to buy LDR for about $1 billion in cash, or $37 per share.
“The…
Zimmer Biomet Holdings Inc., an Indiana-based medical device company, will buy another med-device company, LDR Holding Corp., in a bid to boost its Colorado-based spinal business.
Zimmer Biomet's Spine Division is headquartered in Broomfield, offering spine-related medical-device products as well as training and clinical support to surgeons.
In a statement, It said both company's boards have agreed to allow Zimmer to make a tender offer to buy LDR for about $1 billion in cash, or $37 per share.
“The…