Japan Fair Trade Commission Clears Zimmer-Biomet Deal - Quick Facts

(RTTNews) - Zimmer Holdings, Inc. (ZMH) announced that the Japan Fair Trade Commission has granted clearance of the company's proposed acquisition of Biomet Inc. The deal remains subject to the expiration or termination of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the European Union Merger Regulation, as well as other customary closing conditions.

Under the terms of the merger deal announced on April 24, 2014, Zimmer will acquire Biomet in a cash and stock transaction valued at approximately $13.35 billion, including the assumption of net debt.