Tue, Jun 18, 2013, 4:51 PM EDT - U.S. Markets closed
Usually takes me a while to get facts right, but eventually I do ..
Fact 1- they got about $1.55 B in cash after taxes and recorded after profit of about $3 a share
For the sale
Fact 2- income lost from biz is replaced by about same in interest expense savings
Of about $100m a year
Facts 3- new biz has about $4B rev, $200m ebitda
And $20m for interst expense and net debt is going to be about zero