Here's Why RTI Surgical Holdings Stock Is Skyrocketing Today [The Motley Fool]
RTI SURGICAL (RTIX)
Last rti surgical earnings: 11/1 07:00 am
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US:NASDAQ Investor Relations:
rtix.com/en_us/investors
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Source: The Motley Fool
What happened After the company told investors that it is selling off one of its business units and said that its fourth-quarter results were solid, shares of RTI Surgical Holdings ( NASDAQ:RTIX So what Here are the key takeaways from the business update: The company has agreed to sell its OEM business to a leading European private equity firm for a total of $90 million, with $80 million of the transaction paid in cash. Image source: Getty Images. CEO Camille Farhat said: "The sale of the OEM business to Montagu completes the first phase of our strategic transformation to reduce complexity, drive operational excellence, and accelerate the growth of RTI Surgical. We are excited about this transaction, not only because of the value that is immediately created, but also because the OEM business is going to an experienced investor who understands the business and the expertise of the people and will support its growth and development." For context, RTI's market cap as of Monday was onl
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