(Reuters) - The cash disposal of Slough Estates USA, expected to be
completed in the third quarter, follows a review of strategic
options for the business announced in November as the company
moves to focus on its UK and continental Europe assets, Segro,
formerly Slough Estates, said in a statement on Monday.
The net proceeds receivable would amount to 574 million
pounds after deducting tax, debt and related
costs and would be used to pay a special dividend of 250 million
pounds and to reduce debt, Segro said.
Read more at Reuters.com Mergers News
completed in the third quarter, follows a review of strategic
options for the business announced in November as the company
moves to focus on its UK and continental Europe assets, Segro,
formerly Slough Estates, said in a statement on Monday.
The net proceeds receivable would amount to 574 million
pounds after deducting tax, debt and related
costs and would be used to pay a special dividend of 250 million
pounds and to reduce debt, Segro said.
Read more at Reuters.com Mergers News
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