REV Group Inc (REVG) has released an update to notify the public and investors about its asset transaction finalization.
On January 26, 2024, the Company finalized the sale of Collins for approximately $303 million in cash, with adjustments based on working capital, cash, and debt. Additionally, the Company agreed to provide transition services to the Buyer for a set period after the sale’s completion. Details of the transaction are contained within the Stock Purchase Agreement.
For further insights into REVG financials, check out TipRanks’ Financials page.
For a comprehensive understanding of the announcement, you can read the full document here.
