WTW To Sell TRANZACT For $632.4M
Portfolio Pulse from Benzinga Newsdesk
WTW is selling TRANZACT for $632.4 million to sharpen its strategic focus and simplify its portfolio. The transaction is expected to be completed by the end of 2024 and aims to accelerate free cash flow margin expansion.
October 01, 2024 | 1:10 pm
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WTW is divesting TRANZACT for $632.4 million to focus on strategic priorities and enhance free cash flow margins. The deal is set to close by the end of 2024.
The sale of TRANZACT is a strategic move by WTW to streamline its operations and focus on core areas, which is likely to be viewed positively by investors. The expected acceleration in free cash flow margin expansion could lead to a positive short-term impact on WTW's stock price.
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