RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, announced Monday 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. “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, RTI Surgical Holdings. “We remain excited about the opportunity for RTI to become a pure-play spine company while allowing the OEM business to grow and develop as a stand-alone business. We look forward to working with Montagu to close the transaction in a timely manner.”
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Source: https://www.globenewswire.com/news-release/2020/04/27/2022819/0/en/RTI-Surgical-Holdings-Inc-Announces-Second-Amendment-to-Equity-Purchase-Agreement.html