Reuters logo
BRIEF-Leucadia National to sell Conwed Plastics unit for $295 mln
December 14, 2016 / 10:28 PM / in a year

BRIEF-Leucadia National to sell Conwed Plastics unit for $295 mln

Dec 14 (Reuters) - Leucadia National Corp

* Leucadia National Corp - under terms of transaction, which is expected to close in January 2017, Leucadia will receive $295 million in cash

* Leucadia National Corp - deal also has potential earn-out payments over five years of up to $40 million in cash

* Leucadia - estimates it will recognize a pretax gain of approximately $175-185 million (excluding value associated with earn-out) upon closing of this sale

* Leucadia announces sale of Conwed Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below