Brief: EnPro Industries To Sell Stemco Air Springs Business

Enpro

03/08/2020 22:45

Aug 3 (Reuters) - EnPro Industries Inc  NPO.N :
    * PRESS RELEASE - ENPRO INDUSTRIES ANNOUNCES AGREEMENT TO
SELL
STEMCO AIR SPRINGS BUSINESS, REACHING FINAL MILESTONE IN
RESHAPING OF HEAVY-DUTY TRUCK BUSINESS
    * ENPRO INDUSTRIES INC - AGREEMENT PROVIDES FOR SALE OF AIR
SPRINGS BUSINESS FOR $32.0 MILLION IN CASH
    * ENPRO INDUSTRIES INC - AGREEMENT PROVIDES FOR LONG-TERM
PROMISSORY NOTE WITH FACE VALUE OF $7.5 MILLION THAT WILL BE
STATED AT FAIR VALUE

Source text for Eikon:  ID:nBw441gqBa 
Further company coverage:  NPO.N 

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