Brief: Newpark Resources Announces Sale Of Fluids Systems Segment

NPK International

13/09/2024 22:59

Newpark Resources Inc  NR.N :
    * NEWPARK RESOURCES ANNOUNCES SALE OF FLUIDS SYSTEMS SEGMENT
    * NEWPARK RESOURCES INC - BASE SALE PRICE OF FLUIDS SYSTEMS
SEGMENT IS $127.5 MILLION
    * NEWPARK RESOURCES INC - NET SALE TRANSACTION CONSIDERATION
IS
$56 MILLION
    * NEWPARK RESOURCES: POST SALE TRANSACTION, FLUIDS SYSTEMS
SEGMENT
TO BE RECLASSIFIED & REPORTED AS DISCONTINUED OPERATIONS FOR ALL
PERIODS REPORTED
    * NEWPARK RESOURCES INC - TO USE NET PROCEEDS FOR ORGANIC
INVESTMENTS, INORGANIC GROWTH, AND SHARE BUYBACKS

Source text for Eikon:  ID:nBwblR7VCa 
Further company coverage:  NR.N