Equus announces pending sale of its interest in palletone, inc.

Houston, dec. 10, 2020 (globe newswire) -- equus total return, inc. (nyse: eqs) (“equus” or the “company”) today announced that the board of directors of ufp industries, inc. (nasdaq: ufpi) has approved the purchase of 100% of the equity of palletone, inc. for approximately $232 million. the price assumes a cash free, debt free balance sheet. ufp also agreed to pay $18 million for palletone's recent capital expenditures. the transaction is subject to a net working capital adjustment and is expected to close on december 28, 2020 pending customary closing conditions and regulatory approval.
EQS Ratings Summary
EQS Quant Ranking