Brief: Circor Says On June 5, Unit Signed Agreement To Dispose Of Loss-Making Business, Distributed Valves To MS Valves GMBH For Negative $8.25 Mln

CIRCOR International

12/06/2020 01:01

June 11 (Reuters) - CIRCOR International Inc  CIR.N :
    * CIRCOR - ON JUNE 5, UNIT SIGNED AGREEMENT TO DISPOSE OF
LOSS-MAKING BUSINESS, DISTRIBUTED VALVES TO MS VALVES GMBH FOR
NEGATIVE $8.25 MILLION
    * CIRCOR INTERNATIONAL - DEAL IS SUBJECT TO A WORKING
CAPITAL
ADJUSTMENT & EARNOUT OF 50% OF NET PROFIT FROM CLOSING THROUGH
DEC. 31, 2022
    * CIRCOR INTERNATIONAL - UNIT TO RETAIN SOME SUPPLIER
LIABILITIES
& RESPONSIBILITY FOR CLOSING MEXICO MANUFACTURING FACILITY

Source: https://bit.ly/2MS6kIQ
Further company coverage:  CIR.N 

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