Report: European Company to Bid on Biomet

A wire service has reported that Europe's biggest medical device maker is on the verge of buying Warsaw’s Biomet, Incorporated. Reuters reports that Smith and Nephew plans to offer 11-billion dollars for the local orthopedic company. The wire service also reports that other companies might make offers for Biomet and that today might be a deadline for that. Biomet has not commented on the report.