VOXX International Announces The Sale Of Certain Assets Of Its Domestic Accessories Group To Established, Inc. For ~$25M
Portfolio Pulse from Benzinga Newsdesk
VOXX International Corporation (NASDAQ:VOXX) has announced the sale of certain assets of its Domestic Accessories Group to Established, Inc. for approximately $25 million. The transaction includes the RCA trademarks and other intellectual property. VOXX Accessories Corp. will continue to operate to ensure business continuity.
August 08, 2024 | 9:50 pm
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VOXX International Corporation has entered into an agreement to sell certain assets, including RCA trademarks, to Established, Inc. for approximately $25 million. VOXX Accessories Corp. will continue to operate to ensure business continuity.
The sale of assets for $25 million is a significant transaction for VOXX International, likely to positively impact its financial position. The continuation of operations by VOXX Accessories Corp. ensures business continuity, which is reassuring for investors.
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