NEWS

Leucadia National to sell Conwed Plastics unit for $295 mln

Thursday, Dec 15, 2016

Leucadia National Corp - under terms of transaction, which is expected to close in January 2017, Leucadia will receive $295 million in cash. Leucadia National Corp - deal also has potential earn-out payments over five years of up to $40 million in cash.

Leucadia - estimates it will recognize a pretax gain of approximately $175-185 million (excluding value associated with earn-out) upon closing of this sale.

Leucadia announces sale of Conwed.

 

Source: reuters.com

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