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Zimmer board approves quarterly cash dividend and new share repurchase program

July 01, 2017

In the past year, Zimmer has demonstrated its commitment to pursue strategic growth opportunities through external development by completing three acquisitions ??“ Beijing Montagne Medical Device Co., Ltd., Sodem Diffusion S.A., and ExtraOrtho, Inc.  Since 2005, the Company also has returned considerable value to stockholders through approximately $4.5 billion of share repurchases. 

The new share repurchase program authorizes purchases of up to $1.5 billion of the Company's common stock through December 31, 2014.  No further purchases will be made under the earlier program, which authorized purchases through December 31, 2013.

Repurchases under the program may be made in the open market or in privately negotiated transactions from time to time in compliance with Securities and Exchange Commission regulations, depending on market conditions and other factors.  The Company had approximately 179.2 million shares of common stock outstanding as of October 26, 2011.

SOURCE Zimmer Holdings, Inc.