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Driven Brands Sells Canadian Unit To PGW Auto Glass, Plans To Use Proceeds For Debt Reduction; Deal Terms Not Disclosed
2024-09-03 19:23
The Canadian distribution business was reported in the Company's Platform Services segment. Net proceeds from the transaction generally will be used to pay down debt. The sale is expected to have minimal impact on the Company's fiscal year 2024 outlook. The Company will provide further details on its third quarter earnings call.
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