RTI Surgical Holdings, Inc.® Announces Second Amendment to Equity Purchase Agreement
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., April 27, 2020 (GLOBE NEWSWIRE) -- RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, today announces a second amendment to its definitive agreement for the sale of RTI Surgical Holdings’ OEM business to Montagu Private Equity LLP (‘Montagu’), a leading European private equity firm. Second Amendment Overview Reduces the cash purchase price from $480,000,000 to $440,000,000Eliminates the provision which granted RTI certain rollover securities in RTI OEM, LLC valued at $10,000,000Extends the outside date for closing the transaction from July 13, 2020 to August 31, 2020The RTI Surgical Holdings Board of Directors unanimously approved the amendmentPiper Sandler & Co. provided a fairness opinion in connection with the transaction “Despite the current challenging operating environment, we are pleased to have amended the definitive agreement to provide RTI additional time to satisfy its obligations,” said Camille Farhat, President and CEO, RT
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