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Actionable news in ZBH: ZIMMER BIOMET HOLDINGS Inc,

Private Equity Selloffs Pulling Down Companies' Shares

Beware: Private equity firms are on the loose, pulling down companies' shares as they reduce their positions in various companies amid perceived overvaluations in the market.

Just today, shares of Zimmer Biomet (ZBH) were down nearly 4% after the medical device company announced that shareholders including private equity giant Kohlberg Kravis Roberts (KKR) and privately held TPG Global intend to sell about 7.4 million shares of the company's roughly 200 million shares outstanding. The shares will be sold in a...