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Exactech Inc (EXAC.OQ)

EXAC.OQ on NASDAQ Stock Exchange Global Select Market

50.40USD
17 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Exactech To Pay $25.8 Million To Osteon Holdings on Deal Termination with TPG Capital -SEC Filing
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Exactech Inc ::SAYS IF DEAL WITH TPG CAPITAL IS TERMINATED UNDER CERTAIN CIRCUMSTANCES, CO TO PAY OSTEON HOLDINGS TERMINATION FEE EQUAL TO $25.8 MILLION -SEC FILING.  Full Article

Exactech And TPG Capital Announce Amended Merger Agreement With Increase In Merger Consideration To $49.25 Per Share
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Exactech Inc ::EXACTECH AND TPG CAPITAL ANNOUNCE AMENDED MERGER AGREEMENT PROVIDING FOR INCREASE IN MERGER CONSIDERATION TO $49.25 PER SHARE.EXACTECH INC - MERGER WITH TPG CAPITAL NOW VALUED AT $737 MILLION.EXACTECH INC - ‍TPG CAPITAL HAS ALSO INCREASED ITS EQUITY FINANCING COMMITMENT TO $737 MILLION FOR PURPOSES OF CONSUMMATING MERGER​.EXACTECH - BOARD HAS APPROVED AMENDED MERGER AGREEMENT WITH TPG.EXACTECH INC - ‍THERE IS NO FINANCING CONDITION TO CONSUMMATION OF MERGER WITH COMPANY​.EXACTECH - TPG HAS ARRANGED FULLY COMMITTED EQUITY FINANCING FOR DEAL.EXACTECH - THERE IS NO FINANCING CONDITION TO CONSUMMATION OF TPG'S DEAL WITH COMPANY.  Full Article

Exactech Inc reports Q3 earnings per share $0.20
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - Exactech Inc :Exactech Q3 revenue $61.4 million.Q3 earnings per share $0.20.Exactech Inc qtrly ‍net sales of $61.4 million versus $59.9 million.  Full Article

Exactech says must pay or cause to be paid to Osteon Holdings fee of $21.9 mln on termination of deal
Tuesday, 24 Oct 2017 

Oct 23 (Reuters) - Exactech Inc ::Exactech - ‍ if deal terminated under certain conditions, co must pay or cause to be paid to Osteon Holdings, a fee equal to $21.9 million - sec filing.  Full Article

Exactech enters agreement with TPG Capital to go private for $42 per share in cash​
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Exactech Inc -:Exactech enters definitive agreement with TPG Capital to go private.Exactech Inc - deal for ‍$42.00 per share in cash​.Exactech Inc - ‍transaction values Exactech at $625 million​.Exactech - co's founders Bill Petty and Betty Petty and CEO David Petty agreed with TPG to vote all of their shares in favor of deal​.  Full Article

Exactech Inc estimates impact from recent hurricanes
Friday, 13 Oct 2017 

Oct 12 (Reuters) - Exactech Inc :Exactech comments on impact of Hurricanes Irma and Harvey; adjusts Q3 earnings guidance and announces Q3 earnings call.Sees Q3 earnings per share $0.19 to $0.21.Says ‍"storms caused our surgeon customers in affected states to postpone scheduled surgeries, directly affecting our Q3 revenue stream"​.Estimated U.S. revenue impact of two hurricanes was approximately $1.2 million to sales in Q3​.Due to hurricane preparation procedures at Gainesville, Sarasota locations, manufacturing, shipping operations lost 2 days of operating capacity​.Adjusting Q3 EPS guidance to $0.19-$0.21 per share, reduction of about $0.04 per share from previously issued guidance of $0.23-$0.25/share​.Now expect to report approximately $61.4mm in worldwide revenue for Q3​.  Full Article

Exactech Q2 earnings per share $0.31
Tuesday, 2 Aug 2016 

Exactech Inc : Exactech Q2 revenue up 8% to $66.1 million; net income up 20% to $4.4 million; diluted EPS $0.31 versus. $0.26 . Q2 earnings per share $0.31 . Q2 revenue $66.1 million versus I/B/E/S view $64.2 million . Sees FY 2016 revenue $253 million to $258 million . Q2 earnings per share view $0.30 -- Thomson Reuters I/B/E/S . Sees Q3 2016 earnings per share $0.21 to $0.23 . Sees Q3 2016 revenue $58 million to $60 million . Q3 earnings per share view $0.24, revenue view $58.8 million -- Thomson Reuters I/B/E/S .Fy 2016 earnings per share view $1.17, revenue view $254.5 million -- Thomson Reuters I/B/E/S.  Full Article

Exactech Inc gives Q2 2016 revenue guidance; increases FY 2016 revenue guidance
Wednesday, 27 Apr 2016 

Exactech Inc:Looking forward, Exactech increased FY 2016 revenue guidance to $250-$257 million and its diluted EPS target to $1.14 - $1.19.For the Q2 2016, the company anticipates revenues of $63-$65 and diluted EPS of $0.29-$0.31.  Full Article

Exactech acquires Australian distributor
Tuesday, 2 Feb 2016 

Exactech Inc:Says the acquisition of its independent distribution partner, Exactech Australia Pty Ltd, effective Feb 1, 2016.Terms of the purchase were not disclosed.  Full Article

Exactech gets higher $737 million cash offer from TPG Capital

(The Dec. 4 story corrects paragraph 5 to show that Exactech will not be pursuing a wholesale transition of its distributor model)