Zimmer Biomet Holdings announces launch of secondary offering of common stock

Zimmer Biomet Holdings announces launch of secondary offering of common stock
14/06/2016 15:15

Zimmer Biomet Holdings, Inc. announced that certain of its stockholders, consisting of affiliates of KKR, Goldman Sachs and TPG, intend to offer for sale in an underwritten secondary offering 11 million shares of the common stock of Zimmer Biomet Holdings, Inc. The selling stockholders will receive all of the proceeds of the offering. Neither Zimmer Biomet nor any of its directors, officers or other stockholders is offering shares of common stock in the offering. As part of the offering, Zimmer Biomet, its chief executive officer and chief financial officer and certain of its directors and stockholders affiliated with KKR, Goldman Sachs and TPG will enter into lock-up agreements with respect to the sale of shares of common stock of Zimmer Biomet for a 60-day period following the offering, subject to customary exceptions. Goldman, Sachs & Co. and J.P. Morgan are acting as joint book-running managers and the underwriters for the offering. planning Rs 500 cr IPO
13/06/2016 12:38
Sheela Foam Pvt. Ltd., India's leading manufacturer of Polyurethane foam and an ISO 9001 certified company, is planning to raise Rs 500 crore via an initial public offering (IPO) by March. Sheela Foam is looking to file the IPO documents with Sebi by the next quarter, and the company might look to launch the IPO before March 2017. Edelweiss Financial Services Ltd and ICICI Securities Ltd will manage the process and work has been initiated on the IPO, said one of the two people cited above. Sheela Group is a multi-billion rupee entity and a leader in Polyurethane (PU) Foam. It leads with more than 35 per cent market share in the Flexible PU Foam market in India as well as Australia.