RTI Surgical Holdings, Inc.® Announces Sale of OEM Business and Preliminary Fourth Quarter and Full Year 2019 Revenues
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: GlobeNewswire
DEERFIELD, Ill., Jan. 13, 2020 (GLOBE NEWSWIRE) -- RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, today announces a definitive agreement for the sale of the Company’s OEM business to Montagu Private Equity LLP (‘Montagu’), a leading European private equity firm, for a total consideration of $490 million. The transaction is targeted to close in the first half of 2020. Transaction Overview RTI Surgical Holdings has agreed to sell its OEM business to Montagu, a leading European private equity firm, for $480 million in cash and certain other consideration, totaling $490 million The RTI Surgical Holdings Board of Directors unanimously approved the transaction The transaction is subject to approval from RTI Surgical Holdings’ shareholders, the customary regulatory approvals and the satisfaction of customary closing conditions, and is targeted to close in the first half of 2020 Upon closure of the transaction, RTI Surgical Holdings will be a global pure pl
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