Exactech (“the Company”), a global medical technology leader, announces that it has entered into a comprehensive restructuring support agreement and asset purchase agreement with a group of its existing investors, pursuant to which the investor group will serve as the “stalking horse” bidder to acquire substantially all of the Company’s assets. The investor group will support the Company through the restructuring process, including by providing approximately $85 million of additional financing to fund the Company’s operations.
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Source: https://www.prnewswire.com/news-releases/exactech-reaches-agreement-with-investor-group-to-build-foundation-for-future-growth-302289670.html