The acquisition of NTT and PTA was completed for approximately $50.2 million. The NTT business was discontinued at a loss of $42.9 million. At the time of its initial public offering, UTI carried a debt load of $57.3 million.
The acquisition of NTT and PTA cost approximately $50.2 million. The NTT business was shut down at a financial loss of $42.9 million. At the time of its initial public offering, UTI had a debt of $57.3 million.