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Stock impact report

Masimo (MASI) Plans Consumer Business Spin-Off to Drive Growth [Yahoo! Finance]

Masimo Corporation (MASI) 
Last masimo corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: masimo.com/about-masimo/investors
Company Research Source: Yahoo! Finance
The company's management has already been authorized by its board of directors to evaluate the proposed structure of the separation. The company's planned separation will include its non-healthcare portfolio consisting of premium home sound integration technologies and accessories, high-performance in-vehicle audio systems, professional sound studios and audiophiles. The separation will also include the Stork baby monitor and the Freedom smartwatch and band from its healthcare portfolio. MASI's current chairman, Joe Kiani, will chair both entities following the separation. Masimo is planning to close the separation as soon as possible, subject to the completion of due diligence and regulatory obligations and approvals. However, the company has maintained its financial guidance for the first quarter and fiscal 2024, which implies that the spin-off may happen in the latter part of 2024 or beyond. Rationale Behind Separation Masimo expects the spin-off of its consumer business to Show less Read more
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