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 | ||
23.01 USD | -6.80% | -6.39% | +1.01% |
Apr. 25 | Transcript : World Kinect Corporation, Q1 2024 Earnings Call, Apr 25, 2024 | |
Apr. 25 | Earnings Flash (WKC) WORLD KINECT CORPORATION Posts Q1 EPS $0.47, vs. Street Est of $0.49 | MT |
EPS Revisions
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+1.01% | 1.38B | |
-5.24% | 5.86B | |
0.00% | 4.55B | |
-13.69% | 3.91B | |
-1.43% | 3.56B | |
+44.27% | 3.57B | |
+23.40% | 3.23B | |
+8.47% | 1.95B | |
+0.07% | 1.1B | |
+11.08% | 1.07B |
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- CAMP Systems Inc. entered into a definitive agreement to acquire Avinode AB from World Kinect Corporation for approximately $200 million.