Integer (ITGR) investor relations material

Executive summary

• Entered into a definitive merger agreement with Armstrong Parent, Inc. and Armstrong Bidco, Inc., affiliates of KKR, to be acquired for $127 per share in cash, valuing the equity at a significant premium.

• The merger is subject to customary closing conditions, including shareholder approval and regulatory clearances, with an outside date of May 2, 2027.

• Financing for the transaction is fully committed through equity and debt arrangements, with KKR providing a limited guarantee for certain obligations.

• The board unanimously approved the transaction, deeming it fair and in the best interests of shareholders, and received a fairness opinion from Goldman Sachs.

• The transaction is not subject to a financing condition, and the company will become a wholly owned subsidiary of Parent upon closing.

Voting matters and shareholder proposals

• Shareholders will vote to approve the merger agreement; approval by a majority of outstanding shares is required.

• The proxy statement will be filed with the SEC and sent to shareholders for voting on the transaction.

• Shareholders are urged to read the proxy statement and related materials when available.

Board of directors and corporate governance

• The board approved an amended and restated set of bylaws, effective immediately, including exclusive forum provisions for certain legal actions.

• The board approved and entered into new indemnification agreements with directors and executive officers, providing for broad indemnification and advancement of expenses.

• The board retains the right to change its recommendation or terminate the merger agreement in response to a superior proposal or intervening event, subject to notice and matching rights.