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Symmetry offloads OEM business to Tecomet, forms new company

This article was originally published in Clinica

Executive Summary

Tecomet has agreed to buy Symmetry Medical’s OEM Solutions business for $450m in a move that will see Symmetry form a new company called Symmetry Surgical. Symmetry Surgical will become a newly traded public company, with Symmetry Medical shareholders receiving one share in the new firm for every four shares of Symmetry Medical stock.

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