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Zimmer Biomet logoZimmer Biomet ZBH

The company said Merger Sub merged with and into Paragon 28 on April 21, 2025, with Paragon 28 surviving as a wholly owned subsidiary of Zimmer, Inc.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said Merger Sub merged with and into Paragon 28 on April 21, 2025, with Paragon 28 surviving as a wholly owned subsidiary of Zimmer, Inc.

  2. The company said each Paragon 28 common share was converted into the right to receive $13.00 in cash, without interest, and 1 contingent value right(s). The CVR entitles the holder to receive up to $1.00 per share in cash if certain revenue milestones are achieved.

  3. The company said Paragon 28 shares stopped trading on the New York Stock Exchange before the market opened on April 21, 2025 following the merger's completion and will be delisted.

  4. The company said the merger was carried out under the Agreement and Plan of Merger entered into on January 28, 2025. It described Paragon 28 as a medical device company focused exclusively on the foot and ankle orthopedic space.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Zimmer Biomet Completes Acquisition of Paragon 28

The company said Merger Sub merged with and into Paragon 28 on April 21, 2025, with Paragon 28 surviving as a wholly owned subsidiary of Zimmer, Inc.

Source · Based on the filing body and exhibits

Paragon 28 Per-Share Merger Consideration

The company said each Paragon 28 common share was converted into the right to receive $13.00 in cash, without interest, and 1 contingent value right(s). The CVR entitles the holder to receive up to $1.00 per share in cash if certain revenue milestones are achieved.

Source · Based on the filing body and exhibits

Paragon 28 Delisting

The company said Paragon 28 shares stopped trading on the New York Stock Exchange before the market opened on April 21, 2025 following the merger's completion and will be delisted.

Source · Based on the filing body and exhibits

Merger Agreement Signed and Business Scope

The company said the merger was carried out under the Agreement and Plan of Merger entered into on January 28, 2025. It described Paragon 28 as a medical device company focused exclusively on the foot and ankle orthopedic space.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.