Intelligent Ultrasound Group Plc (GB:IUG) has released an update.
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Intelligent Ultrasound Group plc has announced a conditional agreement to sell its Clinical AI business to GE HealthCare for £40.5 million, retaining only the NeedleTrainer products. The deal, subject to shareholder and regulatory approval, is at a substantial premium to the company’s current share price. Shareholders have been assured of a material return of capital post-transaction, with strategic details to be disclosed upon completion, anticipated for September/October 2024.
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