Live Ventures Acquires Precision Metal Works For ~$28M; Acquisition Involved No Issuance Of Stock
Portfolio Pulse from Benzinga Newsdesk
Live Ventures has acquired Precision Metal Works for approximately $28M. The acquisition, which did not involve any issuance of stock, is expected to be immediately accretive to earnings and strengthens Live Ventures' steel manufacturing segment.
July 24, 2023 | 12:34 pm
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Live Ventures' acquisition of Precision Metal Works for $28M is expected to be immediately accretive to earnings and strengthen its steel manufacturing segment.
The acquisition of Precision Metal Works by Live Ventures is a strategic move that is expected to be immediately accretive to earnings. This suggests a positive impact on the company's financial performance, which could lead to a rise in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100