Just Energy to sell home services business for $505M

Just Energy (JE) agrees to sell its water heater and HVAC home services business to Reliance Comfort Limited Partnership for $505M.

As a condition of closing, JE agrees to repay all outstanding borrowings of the business ($273M at fiscal year end) and pay out the remainder interest in a royalty agreement.

JE +0.9% premarket.

From other sites
Comments (1)
  • Eric Rasbold
    , contributor
    Comments (169) | Send Message
    Here it comes!


    Long JE.
    5 Jun 2014, 09:44 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs