M&A - RICHARDSON ELECTRONICS, LTD.

Form Type: 8-K

Filing Date: 2025-01-30

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025010868

Filing Summary: On January 24, 2025, Richardson Electronics, Ltd. entered into an Asset Purchase Agreement with DirectMed Imaging, LLC for the sale of assets related to its International Medical Equipment and Service (IMES) business. The transaction, valued at $8.2 million in cash, closed the same day. Buyer will assume certain specified liabilities and the purchase price may be adjusted based on working capital items at closing. The agreement includes customary representations, warranties, non-competition, and non-solicitation covenants. Additionally, the Company will indemnify Buyer against certain losses. The agreement is governed by Delaware law.