ZIMV - Why Surgical And Medical Instrument Manufacturing Company ZimVie Shares Are Rocketing Today | Benzinga
ZimVie Inc (NASDAQ: ZIMV) shares are trading higher by over 33% after the company disclosed an agreement to sell its spine business to H.I.G. Capital for $375 million.
The acquisition price comprises $315 million in cash, subject to certain customary adjustments as set forth in the agreement, and $60 million in the form of a promissory note that will accrue interest at a rate of 10% per annum, compounded semi-annually, payable in kind.
The ...