Bel Fuse Divests Its Non-Core Stewart Czech Business, Part Of The Connectivity Solutions Segment, For ~$5.0M
Portfolio Pulse from Benzinga Newsdesk
Bel Fuse has divested its non-core Stewart Czech business, part of the Connectivity Solutions segment, for approximately $5.0 million. The business has two divisions and generates around $5.2 million in annual sales.
June 08, 2023 | 11:47 am
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Bel Fuse divests its non-core Stewart Czech business for $5.0 million, which has two divisions and generates $5.2 million in annual sales.
The divestiture of the non-core Stewart Czech business is deemed immaterial to overall Bel operations, as it generates only $5.2 million in annual sales. This suggests a neutral short-term impact on Bel Fuse's stock price.
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