WARSAW — Zimmer Biomet announced Tuesday that it has reached an agreement to acquire fellow medical device maker LDR Holding for about $1 billion.
Zimmer Biomet, a publicly traded company headquartered in Warsaw, said the move will increase its presence in theorthopedic technology for spinal procedures.
The company said it will conduct a tender offer for all outstanding shares of the LDR common stock for $37 per share. The companies expect to close the transaction in the third quarter.
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