Biomet’s Press Release

Biomet (BMET) confirms that it has hired Morgan Stanley.

Biomet, Inc. confirmed today that Morgan Stanley & Co. Incorporated is assisting it in exploring strategic alternatives focused on enhancing shareholder value. The Company stated that no decisions have been made and there is no assurance that this exploration will result in any specific action. Daniel P. Hann, interim President and Chief Executive Officer, said, “We believe that this review is a prudent exercise and is consistent with management’s commitment to our shareholders and Team Members.”
The Company also stated that it does not expect to disclose developments with respect to its exploration of alternatives unless required.

Or in the event the story is leaked to CNBC.

Posted by on April 6th, 2006 at 3:02 pm


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