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Stock Market & Financial Investment News

News Breaks
April 3, 2014
05:29 EDTSYK, ZMHBiomet reports Q3 adjusted net income $107.3M vs. $94.9M last year
Reports Q4 revenue $822.5M vs. $771.5M last year. The company said knee sales grew 8.4% worldwide, with U.S. growth of 7.7%. Publicly traded peers of Biomet include Zimmer (ZMH) and Stryker (SYK).
News For ZMH;SYK From The Last 14 Days
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July 2, 2015
10:15 EDTSYKMarathon Patent unit gets favorable early ruling of infringement of '260 patent
Marathon Patent Group (MARA) announced that on July 1, in the patent infringement action filed by its wholly-owned subsidiary, MedTech Development Deutschland GmbH involving the patent EP 1 104 260 B2 the Munich District Court of Germany expressed in its preliminary opinion that the following defendants, Joline GmbH & Co. KG, Signus Medizintechnik GmbH and PanMedical, infringe the '260 patent. The '260 patent had previously been accused of invalidity by Stryker GmbH & Co. KG (SYK). In a nullity hearing held June 19, the five-judge panel at the Federal Patent Court, after carefully considering all facts and arguments brought by Stryker, deliberated and returned with the unrestricted verdict that "All claims are valid."
June 30, 2015
16:56 EDTZMHKKR 2006 Fund reports 14.8% stake in Zimmer
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16:39 EDTZMHLVB Acquisition Holding reports 14.8% stake in Zimmer
June 25, 2015
10:00 EDTZMHOn The Fly: Analyst Downgrade Summary
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05:32 EDTZMHZimmer downgraded to Hold from Buy at Brean Capital
Brean Capital downgraded Zimmer to Hold saying uncertainty over 2016 earnings potential following the Biomet acquisition is likely to linger for several quarters. Brean sees little room for multiple expansion pending greater clarity.
June 24, 2015
13:14 EDTZMHZimmer trading resumes, shares up 96c to $113.66
13:11 EDTZMHZimmer Biomet sees 2015 constant currency revenue growth 1.5%-2.0%
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13:09 EDTZMHZimmer announces completion of Biomet acquisition
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13:00 EDTZMHZimmer trading halted, pending news
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11:54 EDTZMHSmith & Nephew to acquire Zimmer Unicondylar Knee system in U.S. market
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11:32 EDTZMHZimmer required by FTC to divest assets as condition of Biomet acquisition
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June 22, 2015
07:43 EDTSYKStryker management to meet with Deutsche Bank
Meeting to be held in Paris on June 22 hosted by Deutsche Bank.

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