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RTI Surgical Holdings (RTIX) announced a very interesting transaction, a deal which triggered a huge jump in its share price. The company is selling the majority of its business, yet is left with a growing spine business, will become a pure play, and operates with a substantial net cash position as well.
The situation looks quite interesting, yet unfortunately little is known about the true run rate of the business following this transaction, as I very much look forward to comments to be made by management for the upcoming year.