REV Group Inc (REVG) has released an update to notify the public and investors about its asset transaction finalization.
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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.