Zimmer postpones closure of merger with Biomet

Zimmer ($ZMH) announced that the "outside date" for completing its merger with Biomet has been postponed from April 24, 2015, to July 23, 2015. The merger of the orthopedics companies for $13.4 billion has received European approval after Zimmer agreed to divest some of its businesses on that continent, but still needs to get the go-ahead from the U.S.'s Federal Trade Commission. Release