Pestalozzi advises Zimmer, Holdings Inc. in its competing public offer for all shares of Centerpulse AG
In March 2003, Smith & Nephew PLC submitted a friendly offer for Centerpulse AG. In May 2003, Zimmer Inc. submitted an unsolicited competing bid. Smith & Nephew eventually pulled out and Zimmer Inc. could acquire Centerpulse for USD 3.200 million. Pestalozzi advised Zimmer on all Swiss law aspects of the transaction.