Biomet Announces Stock Split, Cash Dividend

Biomet Inc.announced today that its board of directors declared a cash dividend of 16 cents per share, payable July 17 to shareholders of record at the close of business on July 10.Cash dividend is payable on the pre-split common shares. The company also announced that its board of directors has declared a three-for-two stock split in its outstanding common shares, to be distributed on or around Aug.8 to shareholders of record as of July 18. Dane A.Miller, Ph.D., Biomet president and chief executive officer, said, "The declaration of this dividend and the three-for-two stock split is an expression of appreciation for the continued support of our shareholders as the company completes its first quarter with annualized sales exceeding $1 billion." Biomet also today reported record sales and earning results for its fiscal year and fourth quarter ended May 31.

Biomet To Acquire Interpore

Biomet Inc.announced today that it has entered into a definitive agreement with Interpore International Inc.under which Biomet will acquire all of the outstanding common stock of Interpore for $14.50 per share, in cash, representing a total equity value of approximately $280 million. Based in Irvine, Calif., Interpore focuses on providing innovative products for spinal surgery.Its three major product groups - spinal implant products, orthobiologic products and minimally invasive surgery products - are used by orthopedic surgeons and neurosurgeons in a wide range of applications.Interpore's net sales in 2003 were approximatley $67.5 million.






Child Support

Editor, Times-Union:How many people out there are supposed to get child support, and don't?

Eagle Scout Candidate Heads Up Project

NORTH MANCHESTER - Eagle Scout candidate Ean Howard, Troop 465, North Manchester, has chosen Operation Backpack as his Eagle Scout Project.



Harold W. Baker

NORTH MANCHESTER - Harold W. Baker, 90, of North Manchester, died at 11:50 a.m. June 7, 2007, in Lutheran Hospital, Fort Wayne.

Charlton Scholarship Applications Due

The Donald L. Charlton educational scholarship trust was funded at Don's death in July 2004 with assets in excess of $1.4 million through the 1st Source Bank Personal Asset Management Group.

Court News 3.21

Circuit CourtFilings The following petitions were filed in Kosciusko Circuit Court with Judge Rex Reed presiding:

Maple Leaf Team Wins 2007 Quiz Bowl

After two years of domination by the Source One team, the Warsaw Education Foundation Community Quiz Bowl was won by Maple Leaf Farms Team 2 Tuesday night.



Sheriff's Salary

Editor, Times-Union:So I just finished reading the "County Workers' Wages Slashed" article in the Times-Union today and I have a question for the county council. Are you seriously telling me that Sheriff "Rosco'" Goshert makes $94,993 a year and his salary is untouchable?

Whitko Goes Over Preliminary Student Numbers

PIERCETON - Whitko Community School Board went over its preliminary enrollment numbers Monday night.