Filtronic has announced the expected sale of its Telecoms Antenna Operation for an initial cash consideration of $5.5m (c£4.2m) to Microdata. This compares with a valuation in net assets held for sale of £2.8m at 31 May, and the transaction is expected to close on 2 January 2020, with no closing conditions or regulatory approvals required. This marks an important step forward for Filtronic’s investment case as the company can now concentrate its focus and expand its investme
19 Dec 2019
Filtronic - Telecoms Antenna Operation to be sold for $5.5m
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Filtronic - Telecoms Antenna Operation to be sold for $5.5m
Filtronic plc (FTC:LON) | 49.0 7.8 48.5% | Mkt Cap: 106.4m
- Published:
19 Dec 2019 -
Author:
Michael Hill | Cavendish Research -
Pages:
2
Filtronic has announced the expected sale of its Telecoms Antenna Operation for an initial cash consideration of $5.5m (c£4.2m) to Microdata. This compares with a valuation in net assets held for sale of £2.8m at 31 May, and the transaction is expected to close on 2 January 2020, with no closing conditions or regulatory approvals required. This marks an important step forward for Filtronic’s investment case as the company can now concentrate its focus and expand its investme