ZimVie Inc Finalizes Strategic Spine Business Sale for $375M
Company Announcements

ZimVie Inc Finalizes Strategic Spine Business Sale for $375M

ZimVie Inc (ZIMV) has shared an announcement.

ZimVie Inc. has successfully completed a major transaction involving the sale of its spine business, with the final equity interests in the transferred entities acquired for a total gross purchase price of $375 million. This sum includes $315 million in cash and a $60 million subordinated promissory note with a 10% annual interest rate, maturing in five and a half years or upon certain events. This strategic move was announced in a press release and further detailed in an investor presentation, signifying a significant step in ZimVie’s business strategy and offering potential operational and financial benefits.

Find detailed analytics on ZIMV stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskZimVie Inc. Reports Improved Q3 Financial Performance
TheFlyZimVie reports Q3 EPS 12c, consensus 7c
TheFlyZimVie sees FY24 EPS 57c- 62c , consensus 54c
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App