VSE Corporation shares are trading lower after the company announced a mutual agreement to terminate the sale of the VSE Federal and Defense segment to Bernhard Capital Partners .
Portfolio Pulse from Benzinga Newsdesk
VSE Corporation has mutually agreed to terminate the sale of its Federal and Defense segment to Bernhard Capital Partners. This has led to a decrease in VSE Corporation's share price.
September 28, 2023 | 6:50 pm
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NEGATIVE IMPACT
The termination of the sale of VSE Corporation's Federal and Defense segment to Bernhard Capital Partners has negatively impacted the company's stock price.
The termination of the sale of a significant business segment is likely to have caused uncertainty among investors, leading to a decrease in VSE Corporation's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100