Global law firm White & Case LLP advised Zimmer Biomet (NYSE and SIX: ZBH), a global leader in musculoskeletal healthcare, in its definitive agreement to acquire all of the outstanding shares of common stock of LDR Holding Corporation (NASDAQ: LDRH), a global medical device company focused on designing and commercializing novel and proprietary surgical technologies for the treatment of patients suffering from spine disorders, for a total consideration of approximately US$1 billion. The transaction will be effected pursuant to a tender offer followed by a merger between LDR and a subsidiary of Zimmer Biomet.
The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2016.
The White & Case team was led by M&A partners Morton A. Pierce, Chang-Do Gong and Robert Chung, and associates Suni Sreepada and Tyler Shelton. The team was supported by Employment, Compensation and Benefits partner Henrik Patel, counsel Kenneth Barr and associate Harry Hudesman; Intellectual Property partner Arlene Hahn and associates Robert Counihan, Ajita Shukla and Thomas Cockriel; Tax partner William Dantzler and associate Jake Jung; and Antitrust partners George Paul and Rebecca Farrington. The team also was supported by lawyers in the Firm's Paris office, including Employment, Compensation and Benefits partner Alexandre Jaurett and M&A associates Leo Catafau-Castellet and Louis Feuillee.
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