Brief: Bioventus Inc Says, On December 6, 2022, Co Announced A Restructuring - Filing

Bioventus

07/12/2022 21:34

Dec 7 (Reuters) - Bioventus Inc  BVS.O :
    * BIOVENTUS INC- ON DECEMBER 6, 2022, CO ANNOUNCED A
RESTRUCTURING
    * BIOVENTUS INC- COMPANY EXPECTS TO INCUR BETWEEN $4 MILLION
AND
$5 MILLION OF PRE-TAX COSTS
    * BIOVENTUS INC- EXPECTS THE RESTRUCTURING TO RESULT IN
BETWEEN $9
MILLION AND $10 MILLION IN COST SAVINGS ON AN ANNUALIZED BASIS
    * BIOVENTUS INC- EXPECTS TO COMPLETE RESTRUCTURING BY THE
END OF
2023

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