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Masimo (MASI) just unveiled an update.
Masimo Corporation is actively exploring options to maximize value for its consumer business, including a potential joint venture, spin-off, or complete sale. Despite the end of an exclusivity period with a potential JV partner, discussions continue while Masimo also entertains unsolicited inquiries for its consumer audio division. The company’s board is assessing the best structure for this separation, ensuring the professional healthcare and telehealth products remain with Masimo. They are committed to a strategic transaction that aligns with their long-term financial goals and will keep stockholders updated on developments.
For detailed information about MASI stock, go to TipRanks’ Stock Analysis page.