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Sensata (ST) has provided an update.
Sensata Technologies Holding plc is set to sell its Insights Business to Balmoral Funds for roughly $165 million, with the deal expected to finalize in 2024, pending regulatory approval. Despite anticipating a substantial $95 million non-cash charge from this transaction, the company maintains its financial projections for the quarter. Post-sale, Sensata projects a revenue estimate for the fourth quarter between $920 million to $950 million.
For a thorough assessment of ST stock, go to TipRanks’ Stock Analysis page.