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BRIEF-Engility Holdings, Research Triangle Institute completes sale of co's unit
January 9, 2017 / 5:21 PM / 8 months ago

BRIEF-Engility Holdings, Research Triangle Institute completes sale of co's unit

Jan 9 (Reuters) - Engility Holdings Inc :

* Co, Research Triangle Institute completed sale of co’s International Resources Group to RTI for purchase price of $24 million in cash

* Received proceeds from sale, in Q1 2017, which it intends to use to pay down existing debt in 2017

* In connection with deal, expects to record non-cash impairment charge for three months ended Dec 31, 2016 of $20 -$30 million pre-tax Source text - (bit.ly/2i9dLJC) Further company coverage:

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