Brief: Avantor® Enters Into Definitive Agreement To Divest Clinical Services Business To Audax Private Equity

Avantor

16/08/2024 13:36

Aug 16 (Reuters) - Avantor Inc  AVTR.N :
    * AVANTOR® ENTERS INTO DEFINITIVE AGREEMENT TO DIVEST
CLINICAL
SERVICES BUSINESS TO AUDAX PRIVATE EQUITY
    * PROPOSED DEAL FOR APPROXIMATELY $650 MILLION
    * EXPECTS $475 MILLION AFTER-TAX CASH PROCEEDS
    * EXPECTS TRANSACTION TO RESULT IN APPROXIMATELY $475
MILLION IN
AFTER-TAX CASH PROCEEDS

Source text for Eikon:  ID:nPnrDjTza 
Further company coverage:  AVTR.N 

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