Conformis gains on buyout offer from restor3d

ConforMIS

23/06/2023 11:07

** Shares of medtech company Conformis Inc  CFMS.O  jump
90.52% to $2.22 before the bell
    ** CFMS, late Thursday, announced a definitive merger
agreement to be acquired by orthopedic-focused medical device
company restor3d 
    ** Restor3d will acquire all outstanding shares of common
stock of Conformis at $2.27 per/share in cash, which represents
an approximate 96% premium to its last closing price 
    ** The deal is set to create a personalized 3D-printed
medical device company 
    ** The transaction is expected to complete by end of Q3 
    ** Up to last close, stock had fallen 65.10% YTD

 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))