Lincoln Electric Holdings, Inc. (NasdaqGS:LECO) entered into a purchase agreement to acquire certain brazing assets from Worthington Industries, Inc. (NYSE:WOR) on December 31, 2018. In a related transaction, Lincoln Electric Holdings, Inc. acquired soldering business from Worthington Industries, Inc. Further, the annual revenue generated by the assets being acquired through both transactions is approximately $25 million. The transaction is subject to customary closing conditions and is expected to close on February 1, 2019.
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5-day change | 1st Jan Change | ||
47.63 USD | -0.46% | +8.30% | -17.24% |
07-02 | Goldman Sachs Cuts Price Target on Worthington Industries to $43 From $56, Maintains Sell Rating | MT |
07-01 | Worthington Enterprises, Inc.(NYSE:WOR) added to Russell 3000 Growth Index | CI |
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1st Jan change | Capi. | |
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+6.07% | 27.26B | |
+18.04% | 20.78B | |
+35.87% | 12.38B | |
-13.33% | 10.83B | |
-6.55% | 9.04B | |
+33.15% | 9.03B | |
-3.42% | 8.96B | |
+38.32% | 7.72B | |
-11.89% | 7.34B |
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- Lincoln Electric Holdings, Inc. entered into a purchase agreement to acquire certain brazing assets from Worthington Industries, Inc..