Announced today that it has completed the sale of its subsidiary, Thermotite do Brazil, the Company’s final remaining pipe coating business, to Vallourec Tubular Solutions Ltda., a subsidiary of Vallourec S.A. The Company has received proceeds of $17.5 million USD, or approximately $24 million at current exchange rates, on a cash-free, debt-free basis, subject to normal working capital adjustments. Mattr Corp. shares T.MATR are trading down $0.04 at $9.85.
Stocks in play: Mattr Corp.
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