Conmed is to buy the arthroscopy and surgical instruments of Bristol-Myers Squibb's Zimmer division for $370 million in cash. Conmed will acquire the Linvatec business, assets relating to Linvatec's international business and Hall Surgical. In addition, Bristol-Myers will receive a 10-year warrant to purchase one million Conmed shares at 130% of its 15-day average price.
Conmed is to buy the arthroscopy and surgical instruments of Bristol-Myers Squibb's Zimmer division for $370 million in cash. Conmed will acquire the Linvatec business, assets relating to Linvatec's international business and Hall Surgical. In addition, Bristol-Myers will receive a 10-year warrant to purchase one million Conmed shares at 130% of its 15-day average price.
Bristol-Myers announced its intention to sell the two business areas in the summer (see Clinica No 767, p 11). The...
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