Zimmer Biomet Holdings, Inc. (NYSE:ZBH) entered into a definitive agreement to acquire LDR Holding Corporation (NasdaqGS:LDRH) for $1.1 billion on June 6, 2016. Zimmer Biomet plans to finance the transaction using cash balances on hand and existing availability under its revolving credit facility and expects to maintain an investment grade profile. Following consummation of the transaction, Zimmer Biomet plans to issue $750 million of senior unsecured notes, the proceeds of which will be used to repay the credit facility. In case of termination LDR will pay Zimmer a termination fee of $32.4 million. Upon consummation of the transaction, LDR will be combined with Zimmer Biomet’s Spine & CMF category and will be led by Adam Johnson, Zimmer Biomet Group President, Spine, CMF and Thoracic, and Dental. Christophe Lavigne, Co-Founder, Chairman, President and CEO of LDR and Patrick Richard, Co-Founder of LDR and Executive Vice President and General Manager of LDR Médical, are committed to driving the benefits of this transaction and will remain with LDR in key leadership positions within the global Spine business. The transaction is subject to more than 50% shares being tendered, expiration of waiting period under HSR Act and other customary closing conditions. The deal has been approved by the Board of Directors of both Zimmer Biomet Holdings, Inc. and LDR Holding Corporation and is expected to close in the third quarter of 2016. As of June 24, 2016, Zimmer Biomet announces early termination of HSR waiting period. Torrey Browder, Robert King and Andrew Pucher of Goldman, Sachs & Co. acted as the financial advisor and Morton A. Pierce, Chang-Do Gong, Robert Chung,Suni Sreepada, Tyler Shelton, Henrik Patel,Kenneth Barr, Harry Hudesman, Arlene Hahn, Robert Counihan, Ajita Shukla, Thomas Cockriel, William Dantzler, Jake Jung, George Paul, Rebecca Farrington, Alexandre Jaurett, Leo Catafau-Castellet and Louis Feuillee of White & Case LLP acted as the legal advisor for Zimmer Biomet Holdings, Inc. BofA Merrill Lynch acted as the financial advisor and LDR and Carmelo Gordian, Ted Gilman, Will Becker, Kay Lynn Brumbaugh, Tony Eppert, Kyle Wood, Clarissa Marischen, Cassandra Cuellar, Gabe Katz, Jae Kim, Stephanie Nickerson, Emily Cabrera, Jim Dolphin and J. Russel Denton of Andrews Kurth LLP acted as the legal advisors for LDR Holding Corporation. Philip Richter and Roy Tannenbaum of Fried Frank Harris Shriver & Jacobson LLP acted as legal advisors for Goldman, Sachs & Co. Innisfree M&A Inc. acted as information agent and American Stock Transfer & Trust Company, LLC acted as depository bank to Zimmer Biomet Holdings, Inc. Zimmer Biomet Holdings, Inc. (NYSE:ZBH) completed the acquisition of LDR Holding Corporation (NasdaqGS:LDRH) on July 13, 2016.