INNOVATE Agrees to $650 Million Sale of DBM Global to IES Holdings
IES Holdings (IESC) has agreed to acquire DBM Global from INNOVATE Corp in a transaction valued at $650 million. The purchase consideration consists of approximately $510 million in cash and 215,487 shares of IESC common stock valued at $140 million.
Key figures
- Deal Value Usd
- 650000000
- Tax payment to seller
- 35000000
- Shares issued to seller
- 215487
- Cash consideration total
- 510000000
- Stock consideration value
- 140000000
AI analysis
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