Brief: SGH To Divest Majority Stake Of Smart Modular Brazil

Penguin Solutions

13/06/2023 12:05

June 13 (Reuters) - SMART Global Holdings Inc.  SGH.O :
    * SGH TO DIVEST MAJORITY STAKE OF SMART MODULAR BRAZIL
    * SMART GLOBAL HOLDINGS INC. - PURCHASE PRICE VALUES 100% OF
SMART
BRAZIL AT AN INITIAL ENTERPRISE VALUE OF $205 MILLION
    * SMART GLOBAL HOLDINGS INC. - ENTERED AGREEMENT TO SELL AN
81%
INTEREST IN SMART BRAZIL TO LEXAR EUROPE B.V.
    * SMART GLOBAL HOLDINGS INC. - SGH EXPECTS THIS TRANSACTION
TO BE
ACCRETIVE TO ITS NON-GAAP GROSS MARGINS IMMEDIATELY POST-CLOSING

Source text for Eikon:  ID:nBw5xGjXQa 
Further company coverage:  SGH.O