April 30, 2018 / 1:18 PM / 7 months ago

BRIEF-Platinum Equity To Acquire Pitney Bowes' Global Production Mail Business

April 30 (Reuters) - Pitney Bowes Inc:

* PLATINUM EQUITY TO ACQUIRE PITNEY BOWES’ GLOBAL PRODUCTION MAIL BUSINESS

* PITNEY BOWES INC - DEAL FOR $361 MILLION

* PITNEY BOWES INC - ANTICIPATES PROCEEDS FROM SALE OF APPROXIMATELY $270 MILLION, NET OF ESTIMATED CLOSING COSTS, TRANSACTION FEES AND TAXES

* PITNEY BOWES INC - EXPECTS TO USE MAJORITY OF NET PROCEEDS FROM SALE TO PAY DOWN DEBT Source text for Eikon: Further company coverage:

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