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March 28, 2014
12:04 EDTESEESCO Technologies says sale of Aclara generated approximately $150M cash
ESCO Technologies announced that it has completed the previously announced sale of Aclara Technologies to an affiliate of Sun Capital Partners. The divestiture generated approximately $150M of gross cash proceeds that will be applied to pay down a significant portion of the company's outstanding debt under its revolving credit facility. The agreement is also subject to normal post-closing working capital adjustments. The company has over $600M of available liquidity under its existing credit facility to support its strategy of profitable organic growth, accretive acquisitions around its existing core businesses, and opportunistic repurchases of outstanding shares.
News For ESE From The Last 14 Days
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February 9, 2016
16:31 EDTESEESCO Technologies sees Q2 adjusted EPS 31c-36c, consensus 41c
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16:30 EDTESEESCO Technologies reaffirms 2016 EPS outlook $1.90-$2.00, consensus $1.93
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16:29 EDTESEESCO Technologies reports Q1 adjusted EPS 47c, consensus 36c
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February 8, 2016
11:06 EDTESEESCO Technologies management to meet with Needham
Meeting to be held in Kansas City, MO on February 14 hosted by Needham.

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