{"id":840182,"date":"2022-12-05T06:03:49","date_gmt":"2022-12-05T05:03:49","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/sterling-announces-strategic-divestiture-of-its-50-stake-in-myers-sons-construction\/"},"modified":"2022-12-05T06:03:49","modified_gmt":"2022-12-05T05:03:49","slug":"sterling-announces-strategic-divestiture-of-its-50-stake-in-myers-sons-construction","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/sterling-announces-strategic-divestiture-of-its-50-stake-in-myers-sons-construction\/","title":{"rendered":"Sterling Announces Strategic Divestiture of its 50% Stake in Myers & Sons Construction"},"content":{"rendered":"THE WOODLANDS, Texas--(BUSINESS WIRE)--On November 30, 2022, Sterling Infrastructure, Inc. (NasdaqGS: STRL) (\u201cSterling\u201d or the \u201cCompany\u201d) entered into an agreement (the \u201cAgreement\u201d) and sold the Company\u2019s 50% ownership interest in its partnership with Myers & Sons Construction L.P. (\u201cMyers\u201d) for $18 million in cash. In accordance with the Agreement\u2019s payment terms, the Company is to receive $12 million by early 2023 and a series of three $2 million payments due by various dates in 2023, 2025, and 2027. The divestiture is consistent with the Company\u2019s strategy of reducing its portfolio of low-bid heavy highway projects in order to increase the Company\u2019s margins and of focusing on its strategic geographies.\n\n\n\nPrio
Abbonati<\/a> o Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"

THE WOODLANDS, Texas–(BUSINESS WIRE)–On November 30, 2022, Sterling Infrastructure, Inc. (NasdaqGS: STRL) (\u201cSterling\u201d or the \u201cCompany\u201d) entered into an agreement (the \u201cAgreement\u201d) and sold the Company\u2019s 50% ownership interest in its partnership with Myers & Sons Construction L.P. (\u201cMyers\u201d) for $18 million in cash. In accordance with the Agreement\u2019s payment terms, the Company is to […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-840182","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nSterling Announces Strategic Divestiture of its 50% Stake in Myers & Sons Construction - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/sterling-announces-strategic-divestiture-of-its-50-stake-in-myers-sons-construction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sterling Announces Strategic Divestiture of its 50% Stake in Myers & Sons Construction - BeBeez\" \/>\n<meta property=\"og:description\" content=\"THE WOODLANDS, Texas--(BUSINESS WIRE)--On November 30, 2022, Sterling Infrastructure, Inc. (NasdaqGS: STRL) (\u201cSterling\u201d or the \u201cCompany\u201d) entered into an agreement (the \u201cAgreement\u201d) and sold the Company\u2019s 50% ownership interest in its partnership with Myers & Sons Construction L.P. (\u201cMyers\u201d) for $18 million in cash. 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