Innovate Agrees To $650 Million Sale Of Dbm Global To IES Holdings
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Source text: ID:nGNX7wZ0yd
Further company coverage: IESC.O
Innovate agrees to sell DBM Global to IES Holdings
Aug. 10 (Reuters) - IES Holdings Inc. IESC.O:
- Innovate agrees to $650 million sale of Dbm Global to IES Holdings
- Innovate Corp - to use all net proceeds to reduce outstanding debt
- Innovate Corp - IES to pay seller $35 million in cash at closing for tax election costs



