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An announcement from Pitney Bowes (PBI) is now available.
Pitney Bowes Inc. has clarified recent misinformation about the sale of its Global Ecommerce segment, stating that the segment has not been sold. Instead, the company has only sold a minor part of the segment—the fulfillment services business—while it continues to review the rest of the segment’s strategic options. This clarification comes after media outlets reported incorrectly about the transaction, prompting updates to their articles.
See more insights into PBI stock on TipRanks’ Stock Analysis page.