CAMP Systems Inc. entered into a definitive agreement to acquire Avinode AB from World Kinect Corporation (NYSE:WKC) for approximately $200 million on March 12, 2024. The seller intends to use the net proceeds from this strategic sale to repay debt, reducing annual run rate of interest expense by approximately $10 million. The closing of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed within the next 60 days.
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5-day change | 1st Jan Change | ||
25.25 USD | -1.90% | -2.13% | +10.84% |
Jul. 01 | World Kinect Corporation(NYSE:WKC) added to Russell 3000 Growth Index | CI |
Jul. 01 | World Kinect Corporation(NYSE:WKC) added to Russell 3000E Growth Index | CI |
EPS Revisions
1st Jan change | Capi. | |
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+10.84% | 1.51B | |
-15.71% | 5.3B | |
-10.37% | 4.06B | |
-20.05% | 3.68B | |
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+23.40% | 3.23B | |
+23.38% | 3.13B | |
+6.10% | 1.9B | |
+6.76% | 1.53B | |
+17.57% | 1.13B |
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- CAMP Systems Inc. entered into a definitive agreement to acquire Avinode AB from World Kinect Corporation for approximately $200 million.