Brief: NN Inc to sell precision bearing components group to Tsubaki Nakashima
10/07/2017 12:00
July 10 (Reuters) - NN Inc NNBR.O
* NN Inc announces agreement to sell precision bearing
components group to Tsubaki Nakashima
* Deal for for $375 million in cash.
* Beginning in Q3 of 2017, PBC results will be classified as
discontinued operations in NN's financial reporting
* NN reaffirms its Q2 2017 guidance.
* Has entered into a definitive agreement to sell its
precision bearing components group to Tsubaki Nakashima Co Ltd
* Q2 earnings per share view $0.48, revenue view $220.8
million -- Thomson Reuters I/B/E/S
Source text for Eikon: ID:nPn3Tq6qfa
Further company coverage: NNBR.O
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