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ManpowerGroup Sells Jefferson Wells US Business to Sikich
ManpowerGroup (MAN) said Thursday it is selling its Jefferson Wells US business to Sikich in a transaction valued at $100 million.ManpowerGroup will recognize a gain on sale in Q2, the company said, adding that the transaction closed on Thursday.The company will receive net cash proceeds at closing of approximately $88 million after working capital and other items, and it plans to use the proceeds to strengthen its balance sheet, according to a statement.Price: $30.40, Change: $-0.28, Percent Change: -0.91%
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