Brief: Enterprise Group Posts Letter Of Intent To Divest The Business Of Calgary Tunnelling & Horizontal Augering

Enterprise

06/03/2018 13:34

March 6 (Reuters) - Enterprise Group Inc  E.TO :
    * PRESS RELEASE - ENTERPRISE GROUP ANNOUNCES LETTER OF
INTENT TO
DIVEST THE BUSINESS OF CALGARY TUNNELLING & HORIZONTAL AUGERING
    * ENTERPRISE GROUP INC - DEAL FOR APPROXIMATELY $21 MILLION
    * ENTERPRISE GROUP INC - ‍ PROCEEDS FROM TRANSACTION WOULD
BE USED
TO REDUCE ENTERPRISE'S DEBT​
    * ENTERPRISE GROUP - ON COMPLETION OF DEAL, CO WILL BE NET
DEBT
FREE
    * ENTERPRISE GROUP INC - ‍INTENDS TO FOCUS FORWARD ATTENTION
ON
EQUIPMENT RENTAL SECTOR​
    * ENTERPRISE GROUP - ENTERED ‍LOI TO DIVEST BUSINESS OF
CALGARY
TUNNELLING & HORIZONTAL AUGERING TO A PRIVATE ARM'S LENGTH
PURCHASER​

Source text for Eikon:  ID:nGNX9rWlgz 
Further company coverage:  E.TO 

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