Biomet PE Group to Bid for Smith & Nephew

This is getting interesting. There’s a report that the private equity group that’s buying Biomet is now considering a bid for Smith & Nephew.
Just before Biomet’s board accepted the private equity group’s buyout offer, Smith & Nephew considered making a bid for Biomet. Their bid must have been very low, or Biomet’s board wanted to make it clear that it had explored all options.
In any event, the idea of Biomet merging with Smith & Nephew still lives.

Posted by on December 21st, 2006 at 9:33 am


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