SGS and SGK
Matthews (MATW) International and affiliates of SGS & Co have entered into a definitive agreement under which Matthews will sell its interest in SGK Brand Solutions to a newly formed entity created by affiliates of SGS, which will combine SGK and SGS. Under the terms of the agreement, Matthews will realize $350 million of total upfront consideration, which will include $250 million in cash at closing, $50 million of preferred equity in the new entity and the retention of approximately $50 million in trade receivables under the Company’s securitization program.
- TipRanks
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