Biomet Hires Morgan Stanley

CNBC is reporting that Biomet (BMET) has hired Morgan Stanley. It’s hard to say what this is about, but you certainly have to assume that the company is thinking about selling itself.
I doubt this will happen, but it’s possible. The question is who? Zimmer (ZMH) and Stryker (SYK) aren’t big enough. Maybe Medtronic (MDT)? Maybe Johnson & Johnson (JNJ)? It’s hard to say. The company has denied that it’s going to be sold.
The stock is surging higher.

Posted by on April 4th, 2006 at 2:38 pm


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