Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / articles / aerospace company barnes strikes 175m deal to divest mwn benzinga

B - Aerospace Company Barnes Strikes $175M Deal To Divest Associated Spring & Hänggi Aiming To Slash Debt | Benzinga

Barnes Group Inc.

Industrial manufacturer Barnes Group Inc (NYSE: B) has entered into a definitive agreement to sell its Associated Spring and Hänggi businesses to One Equity Partners. 

The transaction is valued at $175 million, including a $15 million seller promissory note due in 24 months.

The company expects net cash proceeds of $150 million, which will be used to reduce debt incurred from the acquisition of Full story available on Benzinga.com
Stock Information
Company Name: Barnes Group Inc.
Stock Symbol: B
Market: NYSE
Website: barnesgroupinc.com
Menu
B B Quote B Short B News B Articles B Message Board
Get B Alerts

News, Short Squeeze, Breakout and More Instantly...