Brief: Enpro Industries Says Identified Buyer To Buy Bushing Block Business

Enpro

01/12/2020 21:32

Dec 1 (Reuters) - EnPro Industries Inc  NPO.N :
    * ENPRO INDUSTRIES - IDENTIFIED BUYER TO BUY BUSHING BLOCK
BUSINESS OPERATED AT DIEUZE FACILITY, ENTERED INTO BINDING PUT
OPTION AGREEMENT WITH BUYER
    * ENPRO INDUSTRIES INC - RECORDED FOR 3 MONTHS ENDED SEPT
30, 2020
A $6.2 MILLION IMPAIRMENT OF BUSHING BLOCK BUSINESS
    * ENPRO INDUSTRIES - ON NOV 30, ENTERED INTO DEFINITIVE
AGREEMENT
WITH IDENTIFIED BUYER FOR SALE OF BUSHING BLOCK BUSINESS
OPERATED AT DIEUZE FACILITY
    * ENPRO INDUSTRIES - DOES NOT ANTICIPATE INCURRING ANY
MATERIAL
RESTRUCTURING CHARGES ASSOCIATED WITH EXITING OF BUSHING BLOCK
BUSINESS

Source: [ID:https://bit.ly/3msjkoA]
Further company coverage:  NPO.N 

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