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Biomet Files for Proposed IPO BY ANDREW VAHRADIAN, MARCH 7, 2014

Biomet officially announced that its parent company, LVB Acquisition, filed a registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock.

The number of shares to be offered and the price range for the proposed offering have not yet been determined. Furthermore, LVB Acquisition, intends to change its name to Biomet Group, due to the offering.

Bank of America Merrill Lynch, Goldman Sachs, J.P. Morgan, Citigroup, Wells Fargo, Barclays and Morgan Stanley, will act as the joint book-running managers for the offering.

It is anticipated that the offering could take place as early as 1H:14, and raise potentially more than $1 billion in proceeds. The company expects to utilize the proceeds from the offering predominantly to pay down its outstanding indebtedness.

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