Zimmer Biomet Deal for Paragon 28 Gets Seal of Approval from Jefferies -- Market Talk

Dow Jones

2025/01/30

1250 ET - Zimmer Biomet Holdings' deal for Paragon 28 comes with little integration risk and could accelerate growth, says Jefferies in a research note. The medical technology company agreed to acquire all outstanding shares of Paragon, a medical-device maker that focuses exclusively on the foot and ankle orthopedic segment, for $13 a share. "We are fans of the deal and view this as good portfolio management and a reasonable price," says Taylor. Shares of Paragon rise 8.5% to $13.03, while Zimmer ticks down 0.6% to $111.15. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

January 29, 2025 12:50 ET (17:50 GMT)

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The medical technology company agreed to acquire all outstanding shares of Paragon, a medical-device maker that focuses exclusively on the foot and ankle orthopedic segment, for $13 a share. \"We are fans of the deal and view this as good portfolio management and a reasonable price,\" says Taylor. Shares of Paragon rise 8.5% to $13.03, while Zimmer ticks down 0.6% to $111.15. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 12:50 ET (17:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0211328371.USD","symbol_name":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507659149","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507659149","pubTimestamp":1738173000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1250 ET - Zimmer Biomet Holdings' deal for Paragon 28 comes with little integration risk and could accelerate growth, says Jefferies in a research note. The medical technology company agreed to acquire all outstanding shares of Paragon, a medical-device maker that focuses exclusively on the foot and ankle orthopedic segment, for $13 a share. \"We are fans of the deal and view this as good portfolio management and a reasonable price,\" says Taylor. Shares of Paragon rise 8.5% to $13.03, while Zimmer ticks down 0.6% to $111.15. 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The medical technology company agreed to acquire all outstanding shares of Paragon, a medical-device maker that focuses exclusively on the foot and ankle orthopedic segment, for $13 a share. \"We are fans of the deal and view this as good portfolio management and a reasonable price,\" says Taylor. Shares of Paragon rise 8.5% to $13.03, while Zimmer ticks down 0.6% to $111.15. (denny.jacob@wsj.com; @pennedbyden) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 29, 2025 12:50 ET (17:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}