Brief: Kforce To Sell Federal Government Solutions Business

Kforce

01/03/2019 12:36

March 1 (Reuters) - Kforce Inc  KFRC.O :
    * PRESS RELEASE - KFORCE ENTERS INTO AGREEMENT TO SELL ITS
FEDERAL
GOVERNMENT SOLUTIONS BUSINESS
    * KFORCE INC - DEAL FOR $115.0 MILLION
    * KFORCE INC - PROPOSED DEAL FOR CASH PURCHASE PRICE OF
$115.0
MILLION.
    * KFORCE - WHILE TRANSACTION DOES NOT INCLUDE TRAUMAFX®, OUR
FEDERAL GOVERNMENT PRODUCT BUSINESS, WE ARE EXPLORING STRATEGIC
ALTERNATIVES FOR BUSINESS.
    * KFORCE INC - EXPECT TO GENERATE NET PROCEEDS AFTER TAXES
AND
TRANSACTION COSTS OF AT LEAST $90.0 MILLION
    * KFORCE INC - FURTHER EXPECT STRONG CASH FLOWS AND
AVAILABILITY
UNDER CREDIT FACILITY WILL POSITION US WELL TO LOOK AT STRATEGIC
ACQUISITIONS

Source text for Eikon:  ID:nGNX8Sj093 
Further company coverage:  KFRC.O 

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