Zimmer Biomet to acquire Paragon 28 for $1.2B

Zimmer Biomet announced a definitive agreement to acquire Paragon 28 for an upfront payment of $13.00 per share, corresponding to an equity value of approximately $1.1 billion and an enterprise value of approximately $1.2 billion.

“Zimmer Biomet Holdings, Inc. and Paragon 28, Inc. today announced they have entered into a definitive agreement for Zimmer Biomet to acquire all outstanding shares of common stock of Paragon 28 for an upfront payment of $13.00 per share in cash, corresponding to an equity value of approximately $1.1”investor.zimmerbiomet.com

• 6 sources
• investor.zimmerbiomet.comZimmer Biomet Announces Definitive Agreement to Acquire Paragon 28 – Zimmer BiometJan 28, 2025
• health.economictimes.indiatimes.comZimmer Biomet to buy Paragon 28 for $1.1 billionwww.ETHealthworld.comJan 29, 2025
• sec.govParagon 28, Inc. Form 8-K filed January 29, 2025Jan 29, 2025
• paragon28.comZimmer Biomet Announces Definitive Agreement to Acquire Paragon 28 – Paragon 28Gregg RobinsonFeb 12, 2025
• streetinsider.comParagon 28 Announces Expiration of HSR Act Waiting Period for Pending Acquisition by Zimmer Biomet Under HSR ActMar 11, 2025

Summarized from public sources; check the original articles before acting on it.