05:33 PM EDT, 03/25/2024 (MT Newswires) -- (Updating Masimo's response in the third paragraph.)

Masimo ( MASI ) may opt for a joint venture as it evaluates a proposed spinoff of its consumer business, The Wall Street Journal reported Monday.

Chief Executive Joe Kiani reportedly told the Journal in an interview that an unnamed potential partner has approached the company, without providing further details of the offer.

Masimo ( MASI ) declined to comment in an email to MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 139.67, Change: +0.24, Percent Change: +0.17