financetom
Business
financetom
/
Business
/
Barnes Completes $175 million Sale of Associated Spring, Hanggi
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Barnes Completes $175 million Sale of Associated Spring, Hanggi
Apr 4, 2024 2:08 PM

04:45 PM EDT, 04/04/2024 (MT Newswires) -- Barnes (B) said late Thursday it completed the divestiture of Associated Spring and Hanggi businesses to One Equity Partners.

The purchase price was $175 million, subject to closing adjustments. The company plans to use net proceeds of about $140 million to cut debt.

Price: 35.11, Change: -0.02, Percent Change: -0.06

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GlobalFoundries Q3 Adjusted Earnings Flat, Revenue Falls; Provides Q4 Guidance
GlobalFoundries Q3 Adjusted Earnings Flat, Revenue Falls; Provides Q4 Guidance
Nov 12, 2025
07:29 AM EST, 11/12/2025 (MT Newswires) -- GlobalFoundries ( GFS ) reported Q3 non-IFRS earnings Wednesday of $0.41 per diluted share, unchanged from a year earlier. Analysts polled by FactSet expected $0.38 per share. Net revenue for the quarter ended Sept. 30 was $1.69 billion, down from $1.74 billion a year earlier. Analysts surveyed by FactSet expected $1.68 billion. The...
Vizsla Silver Says Study Supports Development of Panuco Project as High-Margin Mine
Vizsla Silver Says Study Supports Development of Panuco Project as High-Margin Mine
Nov 12, 2025
07:29 AM EST, 11/12/2025 (MT Newswires) -- Vizsla Silver ( VZLA ) said Wednesday a feasibility study showed its fully owned Panuco project in Mexico could be developed into a high-margin underground mine with minimal initial capital requirements and fast payback. The base case for the Panuco mine has an after-tax NPV at 5% of $1.8 billion and an internal...
V2X Launches Secondary Stock Offering on Behalf of Vertex Aerospace
V2X Launches Secondary Stock Offering on Behalf of Vertex Aerospace
Nov 12, 2025
07:27 AM EST, 11/12/2025 (MT Newswires) -- V2X (VVX) said Wednesday it is launching an underwritten offering on behalf of Vertex Aerospace to sell 2.25 million of the company's common shares. V2X will not be selling any shares in the offering and will not receive any proceeds, the company said, adding that the offering is expected to close on Thursday....
Atai Beckley Q3 Loss Widens, Revenue Rises; Shares Down Pre-Bell
Atai Beckley Q3 Loss Widens, Revenue Rises; Shares Down Pre-Bell
Nov 12, 2025
07:28 AM EST, 11/12/2025 (MT Newswires) -- Atai Beckley ( ATAI ) reported a Q3 net loss Wednesday of $0.28 per diluted share, widening from a loss of $0.16 a year earlier. Analysts polled by FactSet expected a loss of $0.12. Revenue for the quarter ended Sept. 30 was $749,000, compared with $40,000 a year earlier. Analysts surveyed by FactSet...
Copyright 2023-2026 - www.financetom.com All Rights Reserved