Centerpulse board recommends Zimmer acquisition offer
This article was originally published in The Gray Sheet
Executive Summary
Proposal is contingent on Zimmer stockholder approval at Aug. 21 meeting to be convened to vote on the issuance of additional stock. As of Aug. 13, 98% of Zimmer proxies were in favor of the transaction, the firm notes Aug. 15. Smith & Nephew effectively bowed out of the bidding process for the Swiss firm Aug. 6 (1"The Gray Sheet" Aug. 11, 2003, p. 20)...