- Compass Diversified Holdings CODI has agreed to sell its majority-owned subsidiary, Liberty Safe Holding Corporation, the parent company of Liberty Safe and Security Products, Inc., to an affiliate of Monomoy Capital Partners ("Monomoy"), for approximately $147.5 million in cash.
- CODI expects to realize a gain of approximately $75 million to $85 million. Net proceeds are to be used for general corporate purposes and fund the previously announced special distribution of $0.88 per share.
- The transaction is expected to close by the end of August 2021.
- Price action: CODI shares closed at $24.50 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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