SiNtx Technologies Inc (SINT)

[dp60]

Synergy and LDR Merger.

Excerpted from p. 48-9 ZBH 2016 10-K Annual Report.

"On July 13, 2016, we completed our merger with LDR. We paid cash of $1,138.0 million. The total amount of merger consideration utilized for the acquisition method of accounting, as reduced by the merger consideration paid to holders of unvested LDR stock options and LDR stock-based awards of $24.1 million, was $1,113.9 million. The addition of LDR provides us with an immediate position in the growing cervical disc replacement (“CDR”) market. The combination positions us to accelerate the growth of our Spine business through the incremental revenues associated with entry into the CDR market and cross-portfolio selling opportunities to both Zimmer Biomet and LDR customer bases. The goodwill is generated from the operational synergies and cross-selling opportunities we expect to achieve from our combined operations. None of the goodwill is expected to be deductible for tax purposes."

FWIW, goodwill in Zimmer Biomet acquisition of LDR deal was valued at 482.4 m

(in comparison, goodwill in Zimmer acquisition of Biomet was valued at 7433.2m)

http://investor.zimmerbiomet.com/financial-information/annual-reports

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