Strong Global Entertainment Announces Closing of Sale of Strong/MDI for Approximately $30 Million

Written by Emily J. Thompson, Senior Investment Analyst

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Source: Newsfilter

Updated: Sep 26 2024

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Source: Newsfilter

Sale Announcement: Strong Global Entertainment, Inc. has successfully closed the sale of Strong/MDI Screen Systems, Inc. to Saltire Holdings Ltd for a total consideration of $29.5 million, which includes cash and shares in Saltire.
Future Plans: Following the transaction, Strong Global holds approximately 37% of Saltire's common shares and aims to leverage this investment to enhance liquidity and shareholder value while exploring further opportunities in the market.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Strong Global Entertainment Announces Closing of Sale of Strong/MDI for Approximately $30 Million

About the author

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