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21.12.2023 16:34:31 - dpa-AFX: Triumph Group Spikes On Agreement To Sell Product Support Business In $725 Mln Deal
WASHINGTON (dpa-AFX) - Shares of Triumph Group, Inc. (TGI) are progressing
more than 25 percent on Thursday morning trade after the company said it has
entered into a definitive agreement with AAR CORP. (AIR) to sell its Product
Support business in $725 million deal.
The proceeds from the transaction will be used for debt reduction. The
transaction is expected to close in the first quarter of the 2024 calendar year.
Currently, Triumph shares are at $15.44, up 25.51 percent from the previous
close of $12.27 on a volume of 1,556,399.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
more than 25 percent on Thursday morning trade after the company said it has
entered into a definitive agreement with AAR CORP. (AIR) to sell its Product
Support business in $725 million deal.
The proceeds from the transaction will be used for debt reduction. The
transaction is expected to close in the first quarter of the 2024 calendar year.
Currently, Triumph shares are at $15.44, up 25.51 percent from the previous
close of $12.27 on a volume of 1,556,399.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
Triumph Group | 903498 | NYSE | 15,410 | 28.06.24 22:00:12 | +0,250 | +1,65% | 14,240 | 15,690 | 15,260 | 15,160 |
