Clearing House Advisory Notices
To | Clearing Member Firms
From | CME Clearing
Subject | CORPORATE EVENT: Biomet, Inc. (BMET) Acceleration of Maturity Date 10/11/07
Notice Date | 2007-10-10
Notice Number | 07-244
Effective Date | 2007-10-11
On September 5, 2007, Shareholders of Biomet, Inc. (“BMET”) voted concerning the proposed merger with 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 was approved and subsequently consummated on September 25, 2007. As a result, each existing BMET Common Share was converted into the right to receive $46.00 net cash per share. On September 26, 2007, all BMET1C Security Futures were adjusted to deliver $4,600.00 ($46.00 x 100) and trading on BMET1C was ceased. The maturity date for all BMET1C Security Futures will be accelerated to Thursday, October 11, 2007. The final settlement price for all BMET1C contracts will be $4,600.00. This corporate action will be coordinated with the Options Clearing Corporation. For the full text of this advisory . . .