Dexterra Group (TSE:DXT) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Dexterra Group has agreed to sell its modular building solutions business, NRB Modular Solutions, to ATCO Structures & Logistics Ltd. for $40 million, aiming to simplify its operations and reduce debt. The deal, subject to customary closing conditions, is anticipated to be finalized by the end of July 2024. This strategic move allows Dexterra to concentrate on its core support services while positioning NRB for continued success in the modular construction industry under ATCO’s ownership.
For further insights into TSE:DXT stock, check out TipRanks’ Stock Analysis page.