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7250 - Pacific Industrial Co News Story

¥1324 15.0  1.2%

Last Trade - 7:00am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £528.4m
Enterprise Value £825.9m
Revenue £1.01bn
Position in Universe 909th / 3902

BRIEF-Sensata Technologies To Sell Valves Business To Pacific Industrial Co

Tue 22nd May, 2018 12:25am
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;))
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