AZZ Inc

NYSE:AZZ  
41.73
+1.01 (+2.48%)
4:00:00 PM EDT: $41.72 -0.01 (-0.02%)
Strategic Combinations, Divestitures / Spin-offs, Mergers / Acquisitions

Azz Inc. Enters Definitive Agreement To Divest Majority Interest In The Company's Infrastructure Solutions Segment

Published: 06/23/2022 20:47 GMT
AZZ Inc (AZZ) - Azz Inc. Enters Definitive Agreement to Divest Majority Interest in the Company's Infrastructure Solutions Segment.
Azz Inc - Establishes a 60%-40% Joint Venture to Be Controlled by Fernweh Group Llc.
Azz Inc - Under Terms of Transaction, Ais Jv Will Be Governed by a Board With Three Representatives From Fernweh and Two Representatives From Azz.
Azz Inc - Advances Azz's Previously Announced Strategic Review of Assets.
Azz Inc - Approximate Proceeds of $228 Million From Deal.