Integer Holdings (ITGR) has completed the sale of its non-medical Electrochem business to Ultralife (ULBI) for $50 million in cash, the companies said Friday.
Integer said it will use the proceeds for the payment of outstanding debt.
Meanwhile, Ultralife said it financed the deal with a new credit and security agreement with M&T Bank and Community Bank as lenders.
Price: 125.11, Change: +0.86, Percent Change: +0.69
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