Lennox has entered into a definitive agreement to sell its Hyfra Process Cooling business unit, headquartered in Krunkel, Germany, to the Glen Dimplex Group. The closing of the transaction is subject to obtaining required consents and customary closing conditions. The transaction is expected to be completed in Q4. Glen Dimplex is a privately owned, Irish headquartered, international manufacturing group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on LII:
- Lennox Announces Definitive Agreement to Sell European Process Cooling Business to Glen Dimplex
- Adobe upgraded, BorgWarner downgraded: Wall Street’s top analyst calls
- Lennox initiated with a Sector Perform at RBC Capital
- Lennox price target raised to $410 from $370 at TD Cowen
- Lennox price target raised to $370 from $350 at TD Cowen
