Digi International Inc logo

DGII - Digi International Inc News Story

$17.72 0.0  0.0%

Last Trade - 04/03/21

Sector
Technology
Size
Mid Cap
Market Cap £378.9m
Enterprise Value £376.2m
Revenue £208.8m
Position in Universe 3378th / 6647

BRIEF-Digi International Inc - On Oct 7, Board Approved A Reorganization Of Digi’S Iot Products And Services Business Segment

Wed 14th October, 2020 11:27pm
Oct 14 (Reuters) - Digi International Inc  DGII.O :
    * DIGI INTERNATIONAL INC - ON OCT 7, BOARD APPROVED A
REORGANIZATION OF DIGI’S IOT PRODUCTS AND SERVICES BUSINESS
SEGMENT
    * DIGI INTERNATIONAL INC - THE PLAN ALIGNS THE BUSINESS
SEGMENT’S
ORGANIZATION AROUND PRODUCT LINES.
    * DIGI INTERNATIONAL INC - UNDER THE PLAN, EXPECTS TO
ELIMINATE
ABOUT 20 EMPLOYMENT POSITIONS DURING CURRENT FISCAL QUARTER
ENDING DEC 31, 2020
    * DIGI INTERNATIONAL-TO INCUR TOTAL RESTRUCTURING CHARGES IN
RANGE
OF $750,000-$850,000 RELATING TO CASH SEVERANCE EXPENSES DURING
QUARTER ENDING DEC 31, 2020

Source text for Eikon: [ID: https://bit.ly/2GZQ48V]
Further company coverage:  DGII.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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