whats taking so long

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Anonymous

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where is the announcement ? whats the delay ? this acquisition has taken over one year, is this a prelude to total mismanagement by Zimmer ? wonnder what Blackstone is thinking ?
 



Anonymous said:
where is the announcement ? whats the delay ? this acquisition has taken over one year, is this a prelude to total mismanagement by Zimmer ? wonnder what Blackstone is thinking ?
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What do you expect from Zimmer leadership?
They are the kings of setting unrealistic deadlines and targets for their underlings (they are really good at making commitments to the FDA without any idea if they are realistic or not) and then beating on everyone else to meet the deadlines. No excuses, work weekends, evenings and holidays if you need to, but we have to meet the commitment that I made. If you need me, I will be on vacation or at the lake.

But when it comes to actually delivering on something they are accountable for - budgets, headcount, any kind of decision, acquisitions - don't hold your breath. And when they do make a decision - don't write it down in ink, because it will change.

This Q1 commitment for the merger is not the first 'commitment' that will be missed. If you are going to get all excited about it - go somewhere else.
 






An email went out to Biomet employees (from Jeff Binder) saying that the merger closing has been extended 90 days from the date of April 24th 2015. It also states that all integration meetings are to stop immediately these meetings are not to resume until the closing finalizes! This is not good for the new company! More reps are going to jump ship !
 



Anonymous said:
An email went out to Biomet employees (from Jeff Binder) saying that the merger closing has been extended 90 days from the date of April 24th 2015. It also states that all integration meetings are to stop immediately these meetings are not to resume until the closing finalizes! This is not good for the new company! More reps are going to jump ship !
Click to expand...

Read it again... The closing hasn't been extended 90 days, the Merger Agreement that expires on April 24th has been extended. The closing will occur as soon as it receives US approval. The extension is necessary because they know the deal won't be done by 4/24.
 



Anonymous said:
An email went out to Biomet employees (from Jeff Binder) saying that the merger closing has been extended 90 days from the date of April 24th 2015. It also states that all integration meetings are to stop immediately these meetings are not to resume until the closing finalizes! This is not good for the new company! More reps are going to jump ship !
Click to expand...

I don't get why "more reps are going to jump ship" because this is going to take a few more months
 



Anonymous said:
An email went out to Biomet employees (from Jeff Binder) saying that the merger closing has been extended 90 days from the date of April 24th 2015. It also states that all integration meetings are to stop immediately these meetings are not to resume until the closing finalizes! This is not good for the new company! More reps are going to jump ship !
Click to expand...

You obviously don't have a clue of what's going on. So take your ignorant opinions and shove them up your a_ _! It's not a huge surprise that this took longer. It's also not a surprise Zimmer under estimated the time frame. No one is going to jump ship because they extended the "agreement". The closing has NOT been extended
 



I think I know a little bit about this...and yes....until the closing happens, you have to assume the closing has been delayed 90 days. This is not going to be that easy! The company has to divest certain products for certain markets. Do you really believe that our competitors wants to help us finalize this deal by paying for products that they only get to use in certain markets?Plus, the word in the street is that Zimmer wants to sell off Oxford...and that my friend will be a deal breaker! Also, the email states that all integration activities are to cease...I don't about you, but that doesn't sound good. And if I was a rep who was being courted by other companies, I would probably take a hard look at this uncertainty and think that the grass might be greener.
 



It's possible the integration has been suspended because they've gone as far as they can legally go without sharing sensitive information which may violate U.S. antitrust laws....
 












Anonymous said:
I think I know a little bit about this...and yes....until the closing happens, you have to assume the closing has been delayed 90 days. This is not going to be that easy! The company has to divest certain products for certain markets. Do you really believe that our competitors wants to help us finalize this deal by paying for products that they only get to use in certain markets?Plus, the word in the street is that Zimmer wants to sell off Oxford...and that my friend will be a deal breaker! Also, the email states that all integration activities are to cease...I don't about you, but that doesn't sound good. And if I was a rep who was being courted by other companies, I would probably take a hard look at this uncertainty and think that the grass might be greener.
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Well obviously you don't know anything about this! Sell off the Oxford. Your a moron! Thanks Lima
 





















Anonymous said:
any chance the vanguard also gets punted in the US as well??
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Not initially. But ZB will eventually brand rationalize their entire product portfolio to what the market accepts. They will need to in order to achieve acceptable SG&A levels with Wall Street. Historically, they haven't aggressively done so. Zimmer still maintains Natural knee parts and rolled out an NKII after purchasing Centerpulse (2003). The same was true when they maintained pieces of Implex (2003) where they acquired TM technology.
 



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