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United Kingdom

Sensata Technologies To Sell Valves Business To Pacific Industrial Co


Tuesday, 22 May 2018 

May 21 (Reuters) - Sensata Technologies Holding Plc ::PRESS RELEASE - SENSATA TECHNOLOGIES ENTERS INTO AGREEMENT TO SELL VALVES BUSINESS TO PACIFIC INDUSTRIAL CO..TOTAL ENTERPRISE VALUE OF ABOUT $173 MILLION.SENSATA IS MAINTAINING ITS FULL YEAR 2018 ADJUSTED EPS GUIDANCE OF $3.57 TO $3.73.CO EXPECTS TO OFFSET ANY DIVESTED PROFITS THROUGH COMBINATION OF SHARE REPURCHASES AND STRONGER OPERATIONAL PERFORMANCE.SENSATA TECHNOLOGIES- SENSATA'S TIRE PRESSURE MONITORING BUSINESS AND GLOBAL TPMS AFTERMARKET BUSINESS NOT PART OF TRANSACTION; WILL REMAIN WITH SENSATA. 

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22 Apr 2019