World News: 20:09 GMT Tuesday 3rd December 2019. [Yahoo Business News Feed via SPi World News]
CUI Global, Inc. (NASDAQ: CUI), (the "Company") today announced the completion of the sale of the majority of its Power business to Bel Fuse (Nasdaq: BELFA and Nasdaq: BELFB) for $32.0 million in cash, subject to post-closing adjustments. The Company expects to utilize the proceeds from the sale to implement its strategy to build an infrastructure services company and for general corporate purposes.
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.