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Zimmer to buy PE-backed Biomet for $13.35 bln

Medical device maker Zimmer Holdings Inc said it would buy orthopedic products company Biomet Inc in a deal valued at about $13.35 billion to broaden its portfolio of products that treat bone and joint-related disorders.

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Catch up on the latest headlines this morning including predictions of a secondary boom, a new era of jumbo LBOs in Europe and Formula One’s Ecclestone in court over bribery charges.

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In Second Opinion, Deutsche Bank faces pressure to raise capital, why may be called upon more to treat people, Apple is working on Siri for Apple TV and Facebook gets U.S. antitrust approval for its $19 billion buy of Occulus.

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peHUB First Read

This morning find out what’s hot and what’s not in Boston biotech, why top Italian banks are tapping the PE world, who Washington State and CalSTRS are committing to and how UTIMCO hit the Internet 2.0 jackpot.

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