Brief: Bel Announces Agreement To Purchase CUI Power Assets

Bel Fuse

11/11/2019 13:20

Nov 11 (Reuters) - Bel Fuse Inc  BELFA.O :
    * BEL ANNOUNCES AGREEMENT TO PURCHASE CUI POWER ASSETS
    * BEL FUSE INC - DEAL FOR $32.0 MILLION
    * BEL FUSE INC - ALL-CASH TRANSACTION IS EXPECTED TO CLOSE
IN Q4
OF 2019
    * BEL FUSE INC - DEAL FUNDED WITH AVAILABLE CASH ON HAND,
SOME OR
ALL OF WHICH MAY BE SOURCED FROM OUR REVOLVING CREDIT FACILITY

Source text for Eikon:  ID:nGNX9MFrZ4 
Further company coverage:  BELFA.O 

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