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Warsaw-based DePuy Inc. has announced details for its proposed initial public offering.
The manufacturer of orthopedic products announced in August plans to sell 16.9 million shares of common stock for a maximum proposed selling price of $18.50 a share. That arrangement would generate about $314 million for the company.
The firm, regarded as the oldest orthopedic manufacturer in the world, is owned by Corange Ltd., a holding company that owns Boehringer Mannheim Corp., of Indianapolis.
A company spokesman said today that no date for the public offering has been announced.
