Aramark to use some of the $300 million from asset sale to buy back stock [MarketWatch]
Aramark (ARMK)
Last aramark earnings: 2/4 06:30 am
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Source: MarketWatch
Aramark to use some of the $300 million from asset sale to buy back stock Aramark ARMK, -0.14% said Monday it will sell its healthcare technologies business for $300 million to Trimedx, as the company to looks to further focus on its core food, facilities and uniform business. The company said it plans to use the proceeds to repurchase $50 million worth of its common stock and to pay down debt. The deal is expected to close is the fourth quarter of 2018. Aramark said it had acquired the Charlotte, NC-based healthcare technologies business in 2001. Aramark's stock edged up 0.3% in premarket trade. It has rallied 5.9% over the past three months while the S&P 500 SPX, -0.20% has tacked on 4.5%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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ARMK
Earnings
- 2/6/24 - Beat
ARMK
Sec Filings
- 4/8/24 - Form 4
- 3/27/24 - Form 8-K
- 3/11/24 - Form 4
- ARMK's page on the SEC website