Biomet Accepts Takeover Offer
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The orthopedic device maker on Thursday accepted a takeover bid of $11.4 billion from a private equity consortium.
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Smiths Group is to buy Medex, a US healthcare company, for $925m (Â£477m), including $300m of debt, in the biggest deal for the UK engineering conglomerate since the merger of Smiths and TI Group in 2000.
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Biomet, a major manufacturer of artificial hips and knees, said Monday that it had agreed to be acquired by a private investment consortium.
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NEW YORK/LONOON  - Private equity firms have been moving into prime position to buy orthopedics maker Biomet Inc. , the Wall Street Journal reported on its Web site on Monday, citing people familiar with the matter.
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Australia's flagship airline Qantas accepts an improved takeover bid by a consortium led by Macquarie Bank.
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Troubled French perfume retail chain Marionnaud Parfumeries SA accepted a takeover offer from Hong Kong billionaire Li Ka-shing's Hutchison Whampoa Ltd., a company official said.
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Birmingham confirm they have been approached about a possible takeover bid.
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Triad Hospitals Inc. has accepted a $4.7 billion takeover offer from affiliates of CCMP Capital Advisors and GS Capital Partners, after pressure for management of the hospital chain to improve its return to investors.
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Orthopedic device maker Biomet Inc.  said on Monday it has agreed to be acquired by a private equity consortium for about $10.9 billion.
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The company is ready to handle competition from generics.
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Smiths, the aerospace and defence group, is to snap up one of the world&#39;s leading medical device companies in a $925 million (Â£476 million) deal, it confirmed today.
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Life insurer Resolution, which is hoping to merge with peer Friends Provident, said Thursday that it has received an informal takeover bid from rival Standard Life worth about 5.0 billion pounds.
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Australia's second-largest retailer, Coles Group Ltd. , agreed to a A$22 billion ($19 billion) bid, including debt, from conglomerate Wesfarmers Ltd. , in the country's biggest takeover.
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Upmarket car dealership HR Owen says it has received an indicative offer for the company.
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NEW YORK, December 3  - Biomiraâs (BIOM.NAS) share price appreciated 94% in mid day trade on the NASDAQ today, after the Canadian biotech company, along with its German development partner, Merck KgaA (MRK), reported promising test
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Shares of Biomet Inc.  rose about 4 percent on Monday following weekend reports that European rival Smith & Nephew  would make an $11 billion bid for the company.
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Orthopedic device maker Biomet Inc.  said on Monday it will be acquired by a private equity consortium for about $10.9 billion, eight months after putting itself on the auction block.