Robbins & Myers completes Romaco businesses sale for euro 65 million

Apr 30 2011

Robbins & Myers, Inc. (NYSE: RBN) completed the previously announced sale of its Romaco businesses to a group of funds led by Deutsche Beteiligungs AG, a Frankfurt, Germany-based private equity investment firm. Total consideration was approximately euro 65 million (approximately $96 million) including euro 61 million of cash and euro 4 million of assumed liabilities and is subject to post-closing adjustments. The Company expects to record a transaction net gain of approximately euro 29 million (approximately $43 million) in its third fiscal quarter ended May 31, 2011.

Source:

Robbins & Myers, Inc.

Posted in: Business / Finance

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