Avantor Closes Previously Announced Divestiture Of Its Clinical Services Business In A Transaction Valued At Approximately $650M, Company Sees $500M In After-tax Cash Proceeds And Reduction Of Approximately $50M In Capitalized Leases
Portfolio Pulse from Nabaparna Bhattacharya
Avantor has completed the sale of its Clinical Services business for approximately $650 million. The company expects $500 million in after-tax cash proceeds and a reduction of $50 million in capitalized leases.
October 18, 2024 | 11:07 am
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Avantor has completed the divestiture of its Clinical Services business, resulting in $500 million in after-tax cash proceeds and a $50 million reduction in capitalized leases.
The divestiture provides Avantor with significant cash proceeds and reduces its capitalized leases, which can improve its financial flexibility and potentially lead to positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100