Masco Corporation Enters Definitive Agreement To Sell Kichler Lighting For ~$125M
Portfolio Pulse from Benzinga Newsdesk
Masco Corporation has entered into a definitive agreement to sell its Kichler Lighting business for approximately $125 million. This move is part of Masco's strategy to streamline its portfolio and focus on its core businesses.
September 03, 2024 | 1:11 pm
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Masco Corporation is selling its Kichler Lighting business for approximately $125 million. This sale aligns with Masco's strategy to focus on its core businesses, potentially improving operational efficiency and financial performance.
The sale of Kichler Lighting for $125 million is a strategic move by Masco to streamline its operations and focus on core areas. This could lead to improved financial performance and operational efficiency, positively impacting the stock price.
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