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This article was originally published in The Gray Sheet
MAXXIM MEDICAL, BIOMET RAISE STAKES FOR KIRSCHNER as Biomet announces July 15 a revised merger offer. The new Biomet offer proposes $10.75 per Kirschner share or an equivalent value of Biomet stock. This bid marks the third offer made by Biomet, and it comes in response to two proposals which were delivered to Kirschner by Maxxim Medical during the week of July 11.
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