Radiation detection device maker Mirion up on $150 mln investment from T Rowe

Mirion Technologies

21/02/2023 13:22

** Shares of radiation detection products maker Mirion
Technologies Inc  MIR.N  up 2.5% at $8.97 premarket
    ** Co to sell $150 mln stake to asset manager T Rowe Price
Investment Management Inc  TROW.O 
    ** Mirion says it will use about $125 mln to pay down debt
    ** Deal expected to close on Thursday
    ** Mirion now expects adjusted free cash flow in a range of
$58 mln to $78 mln in 2023, up from $50 mln-$70 mln forecast
earlier
    ** Stock up over 32% this year, as of last close
 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))