IES Holdings To Acquire DBM Global From INNOVATE For Cash And Stock Consideration Valued At $650M
INNOVATE CORP. (NYSE:VATE) ("INNOVATE") announced today that it has entered into a Transaction Agreement (the "Agreement") pursuant to which IES Holdings, Inc. (NASDAQ:IESC) ("IES") will acquire
One company (IES) is buying a business unit (DBM Global) from another company (INNOVATE) for $650 million in cash and stock. When a company sells off a piece of itself, watch to see if it helps them focus better or if it means they needed the money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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