Cubic Agrees to Sell Its Training Services Business for Approximately $135 Million
April 19, 2018
April 19, 2018
SAN DIEGO, California, April 19 -- Cubic issued the following news release:
Cubic Corporation (NYSE: CUB) today announced that it has entered into a definitive agreement to sell its Cubic Global Defense (CGD) Services business to Valiant Integrated Services for $135 million cash at close on a debt free, cash free basis, plus $3 million of contingent consideration tied to certain contract wins expected over the next 12 to 24 months.
"Cubic is focused on maximizing l . . .
Cubic Corporation (NYSE: CUB) today announced that it has entered into a definitive agreement to sell its Cubic Global Defense (CGD) Services business to Valiant Integrated Services for $135 million cash at close on a debt free, cash free basis, plus $3 million of contingent consideration tied to certain contract wins expected over the next 12 to 24 months.
"Cubic is focused on maximizing l . . .