CVD Equipment agreed to sell its Stainless Design Concepts division to Atlas Copco for approximately $16.9 million in cash. Shares of CVD jumped about 30% in Tuesday morning trading on the definitive sale announcement, reflecting a strong positive market reaction to the divestiture.
CVD Equipment agreed to sell its Stainless Design Concepts division to Atlas Copco for approximately $16.9 million in cash. Shares of CVD jumped about 30% in Tuesday morning trading on the definitive sale announcement, reflecting a strong positive market reaction to the divestiture.
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strongly positive
Sentiment Score
0.60
Ticker Sentiment
