BRIEF-Newpark Resources Announces Sale Of Fluids Systems Segment

Reuters

2024/09/14

Newpark Resources Inc :

* NEWPARK RESOURCES ANNOUNCES SALE OF FLUIDS SYSTEMS SEGMENT

* NEWPARK RESOURCES INC - BASE SALE PRICE OF FLUIDS SYSTEMS SEGMENT IS $127.5 MILLION

* NEWPARK RESOURCES INC - NET SALE TRANSACTION CONSIDERATION IS $56 MILLION

* NEWPARK RESOURCES: POST SALE TRANSACTION, FLUIDS SYSTEMS SEGMENT TO BE RECLASSIFIED & REPORTED AS DISCONTINUED OPERATIONS FOR ALL PERIODS REPORTED

* NEWPARK RESOURCES INC - TO USE NET PROCEEDS FOR ORGANIC INVESTMENTS, INORGANIC GROWTH, AND SHARE BUYBACKS

Source text for Eikon: Further company coverage:

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