Pitney bowes announces value-maximizing exit path for global ecommerce segment

Stamford, conn.--(business wire)--pitney bowes inc. (nyse: pbi) (“pitney bowes” or the “company”), a global shipping and mailing company that provides technology, logistics and financial services, today announced that it has sold a controlling interest in the entities representing a substantial majority of the global ecommerce (“gec”) segment (the “gec entities”) operating in the u.s. to hilco commercial industrial, an affiliate of hilco global (“hilco”), to support a value-maximizing liquidati.
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