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Masimo (MASI) has provided an announcement.
Masimo Corporation is in ongoing discussions to sell a majority of its consumer business for a proposed $850 million to $950 million to a potential joint venture partner, with the possibility of other companies joining the venture. The non-binding agreement includes cash payment to Masimo and contributions to the joint venture, with negotiations continuing over the final purchase price and the scope of intellectual property rights. While Masimo is considering this sale, the company is also exploring other options, such as spinning off the consumer business into a new public entity.
See more insights into MASI stock on TipRanks’ Stock Analysis page.