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Ann: Sale of Non Core Brands , page-5

  1. 11,158 Posts.
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    I'm hoping this is reflective of the snail/pest bait business.

    That business was non-core and really just a distraction. Hence it was a great move to sell it even though it only sold for about $1m. Freed management time up to focus on the main game.

    The main difference is that this time they won't give the proceeds back to shareholders in the form of a special dividend, they'll used the proceeds to pay down debt.
 
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