Deal snapshot: Schmitt Industries to Sell the Assets of its Xact Business Line.

MANews-(C)2009-2022

Oregon, US-based test and measurement products maker Schmitt Industries, Inc. (NASDAQ: SMIT) has entered into a letter of intent to sell all assets related to its Xact business line, the company said.

Schmitt Industries, Inc., founded in 1987, designs, manufactures and sells high...

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