Clearing House Advisory Notices
To | Clearing Member Firms
From | CME Clearing
Subject | CORPORATE EVENT: Biomet, Inc. (BMET/BMET1C) Contract Adjustment 9/26/07
Notice Date | 2007-09-25
Notice Number | 07-230
Effective Date | 2007-09-26
Shareholders of Biomet, Inc. ("BMET/BMET1C") voted on Wednesday, September 5, 2007 and approved a proposed Merger between BMET and LVB Acquisition Merger Sub, Inc., a wholly owned subsidiary of LVB Acquisition, Inc., an entity currently controlled by private equity funds sponsored by each of The Blackstone Group L.P., Goldman, Sachs & Co., Kohlberg Kravis Roberts & Co. L.P. and TPG Capital, L.P. The Merger will become effective on Wednesday, September 26, 2007. Pursuant to the terms of the proposed merger, each share of BMET Common Stock outstanding will be converted into the right to receive $46.00 cash, without interest, per BMET share. This corporate action will be coordinated with the Options Clearing Corporation. For the full text of this advisory . . .