Brief: GUD Holdings Announces Divestment Of Davey Water Products

Amotiv

06/08/2023 23:09

Aug 7 (Reuters) - GUD Holdings Ltd  GUD.AX :
    * DIVESTMENT OF DAVEY WATER PRODUCTS
    * TO DIVEST DAVEY FOR A TOTAL ENTERPRISE VALUE OF A$64.9
MILLION
    * ANTICIPATED NET CASH PROCEEDS OF A$56 MILLION TO BE USED
TO PAY
DOWN DEBT
    * NET CASH PROCEEDS, POST CUSTOMARY NET WORKING CAPITAL AND
NET
DEBT TYPE ADJUSTMENTS, ARE EXPECTED TO BE A$56 MILLION
    * PROCEEDS WILL BE USED TO FURTHER PAY DOWN DEBT
    * TRANSACTION IS EXPECTED TO COMPLETE ON 1 SEPTEMBER

Source text for Eikon:  ID:nASX326Xpz 
Further company coverage:  GUD.AX 

 ((Reuters.Briefs@thomsonreuters.com;))