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Pitney Bowes completes asset sale

Dec. 02, 2019 3:06 PM ETPitney Bowes Inc. (PBI) StockBy: Clark Schultz, SA News Editor7 Comments
  • Pitney Bowes (NYSE:PBI +2.8%) closes on the $700M sale of its software solutions business to Syncsort, with the exception of its software and data business in Australia which is slated to close in Q1 of 2020 when regulatory approval is landed.
  • The company plans to use the proceeds from the sale primarily to pay down debt.
  • Source: Press Release

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