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Stock Market & Financial Investment News

News Breaks
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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November 19, 2014
11:14 EDTESEESCO Technologies management to meet with Oppenheimer
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November 18, 2014
12:00 EDTESEESCO Technologies management to meet with Needham
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November 13, 2014
16:10 EDTESEESCO Technologies reports Q4 EPS 43c, consensus 46c
Reports Q4 revenue $151M, consensus $145.8M.

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