Live Ventures drops after unit signs $26 mln deal to buy Kinetic

Live Ventures

30/06/2022 14:52

** Investment co Live Ventures Inc's shares  LIVE.O  down
nearly 3.4% at $24.90 in light volumes
    ** Co says its unit Precision Marshall has bought industrial
materials maker Kinetic Co in nearly $26 mln deal  urn:newsml:reuters.com:*:nGNX1z3HVF
    ** Deal will be financed through a combination of cash and
debt - LIVE
    ** LIVE says annual revenue at its steel manufacturing
segment will see a $20 mln boost because of the acquisition
    ** YTD, LIVE shares have fallen over 18%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))