Brief: Sensata Technologies To Sell Valves Business To Pacific Industrial Co

Pacific Industrial Co

22/05/2018 24:25

May 21 (Reuters) - Sensata Technologies Holding Plc  ST.N :
    * PRESS RELEASE - SENSATA TECHNOLOGIES ENTERS INTO AGREEMENT
TO
SELL VALVES BUSINESS TO PACIFIC INDUSTRIAL CO.
    * TOTAL ENTERPRISE VALUE OF ABOUT $173 MILLION
    * SENSATA IS MAINTAINING ITS FULL YEAR 2018 ADJUSTED EPS
GUIDANCE
OF $3.57 TO $3.73
    * CO EXPECTS TO OFFSET ANY DIVESTED PROFITS THROUGH
COMBINATION OF
SHARE REPURCHASES AND STRONGER OPERATIONAL PERFORMANCE
    * SENSATA TECHNOLOGIES- SENSATA'S TIRE PRESSURE MONITORING
BUSINESS AND GLOBAL TPMS AFTERMARKET BUSINESS NOT PART OF
TRANSACTION; WILL REMAIN WITH SENSATA

Source text for Eikon:  ID:nGNXTDqkq 
Further company coverage:  ST.N 

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