Brief: Illinois Tool Works Says Co, Others Entered Agreement For Sale Of Its Non-Controlling Equity Interest In Wilsonart International Holdings
06/08/2024 23:38
Aug 6 (Reuters) - Illinois Tool Works Inc ITW.N :
* ILLINOIS TOOL WORKS - ON AUGUST 5, CO, OTHERS ENTERED
AGREEMENT
FOR SALE OF CO'S NON-CONTROLLING EQUITY INTEREST IN WILSONART
INTERNATIONAL HOLDINGS
* ILLINOIS TOOL WORKS - TOTAL CASH PROCEEDS FROM TRANSACTION
WERE
ABOUT $398 MLM
* ILLINOIS TOOL WORKS INC - SALE OF EQUITY INTEREST IN
WILSONART
EXPECTED TO RESULT IN PRE-TAX GAIN OF ABOUT $360 MILLION IN Q3
Source text for Eikon: ID:n0000049826-24-000041
Further company coverage: ITW.N
((Reuters.Briefs@thomsonreuters.com;))
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