07:44 AM EDT, 07/19/2024 (MT Newswires) -- (Updates with ZimVie's ( ZIMV ) response in fourth paragraph.)

ZimVie ( ZIMV ) is in advanced talks with dental implant maker Osstem Implant, which has submitted a final bid to acquire ZimVie ( ZIMV ), Bloomberg News reported Thursday, citing people familiar with the matter.

Osstem has been securing financing for a potential deal, the report said, citing the sources.

The talks could still fall apart and other suitors could emerge, Bloomberg said.

ZimVie ( ZIMV ) declined to comment to MT Newswires, while Osstem did not respond to a request for comment.

Shares of ZimVie ( ZIMV ) were up 14.8% in recent Thursday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)