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 with associate Dany Luu and M&A associates Leo Catafau-Castellet and Louis Feuillee.
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