Date: | --/--/-- --:--:-- |
Event Id: | E5D009DM9 |
Action Type: | ACQUISITION |
Action Status: | ANNOUNCED |
Acquirer Symbol: | |
Target Symbol: | FNA |
Updated: | --/--/-- --:--:-- |
Purchase Price Per Share: | 13 |
Price Per Share Currency: | USD |
News References: | https://www.prnewswire.com/news-releases/zimmer-biomet-announces-definitive-agreement-to-acquire-paragon-28-302362653.html |
Action Notes
Zimmer Biomet Holdings (Zimmer) is acquiring all outstanding shares of common stock of Paragon 28 for an upfront payment of $13.00 per share in cash. Paragon 28 shareholders will also receive a non-tradeable contingent value right (CVR) entitling the holder to receive up to $1.00 per share in cash if certain revenue milestones are achieved. Closing of the proposed transaction is subject to receipt of required regulatory approvals, approval by Paragon 28 stockholders and other customary closing conditions, and is anticipated to close in the first half of 2025.