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Exactech Inc (EXAC.OQ)

EXAC.OQ on NASDAQ Stock Exchange Global Select Market

50.00USD
13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Exactech To Pay $25.8 Million To Osteon Holdings on Deal Termination with TPG Capital -SEC Filing
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Exactech Inc ::SAYS IF DEAL WITH TPG CAPITAL IS TERMINATED UNDER CERTAIN CIRCUMSTANCES, CO TO PAY OSTEON HOLDINGS TERMINATION FEE EQUAL TO $25.8 MILLION -SEC FILING.  Full Article

Exactech And TPG Capital Announce Amended Merger Agreement With Increase In Merger Consideration To $49.25 Per Share
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Exactech Inc ::EXACTECH AND TPG CAPITAL ANNOUNCE AMENDED MERGER AGREEMENT PROVIDING FOR INCREASE IN MERGER CONSIDERATION TO $49.25 PER SHARE.EXACTECH INC - MERGER WITH TPG CAPITAL NOW VALUED AT $737 MILLION.EXACTECH INC - ‍TPG CAPITAL HAS ALSO INCREASED ITS EQUITY FINANCING COMMITMENT TO $737 MILLION FOR PURPOSES OF CONSUMMATING MERGER​.EXACTECH - BOARD HAS APPROVED AMENDED MERGER AGREEMENT WITH TPG.EXACTECH INC - ‍THERE IS NO FINANCING CONDITION TO CONSUMMATION OF MERGER WITH COMPANY​.EXACTECH - TPG HAS ARRANGED FULLY COMMITTED EQUITY FINANCING FOR DEAL.EXACTECH - THERE IS NO FINANCING CONDITION TO CONSUMMATION OF TPG'S DEAL WITH COMPANY.  Full Article

Exactech Inc reports Q3 earnings per share $0.20
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Exactech Inc :Exactech Q3 revenue $61.4 million.Q3 earnings per share $0.20.Exactech Inc qtrly ‍net sales of $61.4 million versus $59.9 million.  Full Article

Exactech says must pay or cause to be paid to Osteon Holdings fee of $21.9 mln on termination of deal
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Exactech Inc ::Exactech - ‍ if deal terminated under certain conditions, co must pay or cause to be paid to Osteon Holdings, a fee equal to $21.9 million - sec filing.  Full Article

Exactech enters agreement with TPG Capital to go private for $42 per share in cash​
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Exactech Inc -:Exactech enters definitive agreement with TPG Capital to go private.Exactech Inc - deal for ‍$42.00 per share in cash​.Exactech Inc - ‍transaction values Exactech at $625 million​.Exactech - co's founders Bill Petty and Betty Petty and CEO David Petty agreed with TPG to vote all of their shares in favor of deal​.  Full Article

Exactech Inc estimates impact from recent hurricanes
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Exactech Inc :Exactech comments on impact of Hurricanes Irma and Harvey; adjusts Q3 earnings guidance and announces Q3 earnings call.Sees Q3 earnings per share $0.19 to $0.21.Says ‍"storms caused our surgeon customers in affected states to postpone scheduled surgeries, directly affecting our Q3 revenue stream"​.Estimated U.S. revenue impact of two hurricanes was approximately $1.2 million to sales in Q3​.Due to hurricane preparation procedures at Gainesville, Sarasota locations, manufacturing, shipping operations lost 2 days of operating capacity​.Adjusting Q3 EPS guidance to $0.19-$0.21 per share, reduction of about $0.04 per share from previously issued guidance of $0.23-$0.25/share​.Now expect to report approximately $61.4mm in worldwide revenue for Q3​.  Full Article

Exactech Q2 earnings per share $0.31
Monday, 1 Aug 2016 

Exactech Inc : Exactech Q2 revenue up 8% to $66.1 million; net income up 20% to $4.4 million; diluted EPS $0.31 versus. $0.26 . Q2 earnings per share $0.31 . Q2 revenue $66.1 million versus I/B/E/S view $64.2 million . Sees FY 2016 revenue $253 million to $258 million . Q2 earnings per share view $0.30 -- Thomson Reuters I/B/E/S . Sees Q3 2016 earnings per share $0.21 to $0.23 . Sees Q3 2016 revenue $58 million to $60 million . Q3 earnings per share view $0.24, revenue view $58.8 million -- Thomson Reuters I/B/E/S .Fy 2016 earnings per share view $1.17, revenue view $254.5 million -- Thomson Reuters I/B/E/S.  Full Article

Exactech Inc gives Q2 2016 revenue guidance; increases FY 2016 revenue guidance
Tuesday, 26 Apr 2016 

Exactech Inc:Looking forward, Exactech increased FY 2016 revenue guidance to $250-$257 million and its diluted EPS target to $1.14 - $1.19.For the Q2 2016, the company anticipates revenues of $63-$65 and diluted EPS of $0.29-$0.31.  Full Article

Exactech acquires Australian distributor
Monday, 1 Feb 2016 

Exactech Inc:Says the acquisition of its independent distribution partner, Exactech Australia Pty Ltd, effective Feb 1, 2016.Terms of the purchase were not disclosed.  Full Article

Exactech Inc announces sale of Dental Biologic assets to Salvin Dental Specialties
Monday, 4 Jan 2016 

Exactech Inc:Announces sale of Dental Biologic assets to Salvin Dental Specialties.Financial terms were not disclosed.  Full Article

Exactech gets higher $737 million cash offer from TPG Capital

(The Dec. 4 story corrects paragraph 5 to show that Exactech will not be pursuing a wholesale transition of its distributor model)