Rti Surgical Inc (RTIX) Stock News
NASDAQ:RTIX - Nasdaq -
RTIX Latest News, Press Relases and Analysis
HIBB, BGFV, KNSA and CPIX among after-hours movers
Gainers: HIBB +25.1%. PBPB +14.7%.
RTI Surgical Inc (RTIX) Q1 2020 Earnings Call Transcript
RTIX earnings call for the period ending March 31, 2020.
Surgalign Holdings, formerly RTI Surgical, closes OEM sale, name change (NASDAQ:RTIX)
Effective today, Surgalign Technologies, formerly RTI Surgical Holdings (NASDAQ:RTIX) +3.8% PM, closed its OEM business sale for $440M, paid in cash.The sale after-tax proceeds will be used to repay the $80M revolving line of credit with JP Morgan Chase Bank and both the $100M term loan and $30M incremental term loan commitment with Ares Capital.It will also redeem O/S shares of series A convertible preferred stock for total cash consideration of ~$67M.Post the transactions, Surgalign's cash balance is ~$190M which will be reduced further by $137M by September 30, 2020, post series A convertible preferred redemption and tax pays on the OEM sale gains.Board appointed Jonathon M.
Mentions: JPM
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DELL, AA, CLPS and ELOX among after-hours movers
Gainers: RTIX +10.3%. DELL +6.5%.
RTI Surgical shareholders back sale of OEM unit, name change (NASDAQ:RTIX)
At its annual meeting, RTI Surgical Holdings (NASDAQ:RTIX) shareholders voted in favor of its planned sale of its OEM business to a PE firm for $480M in cash.When the transaction closes, President & CEO Camille Farhat will retire and vacate his board seat.
AAL, UAL among premarket gainers
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Commit to a High-Need Medical Niche with RTIX Stock
Surgical implants comprise a growing market, and investors can participate in this trend through a position in RTIX stock.
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SHIP – SHIP leads the way today as the best performing small cap stock, closing up 1,257.87%.
IDYA leads healthcare gainers; AVEO and MNOV among losers
Gainers: IDEAYA Biosciences (NASDAQ:IDYA) +27%. Cardiff Oncology (NASDAQ:CRDF) +15%. Nemaura Medical (NASDAQ:NMRD) +14%. Amicus Therapeutics (NASDAQ:FOLD) +14%. RTI Surgical Holdings (NASDAQ:RTIX) +13
The Law Offices of Frank R. Cruz Announces Investigation on Behalf of RTI Surgical Holdings, Inc. Investors (RTIX)
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against RTI Surgical Holdings, Inc. (RTIX)
