Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
JELD-WEN Holding, Inc. entered into Share Sale Agreement with Aristotle Holding III Pty Limited valued at approximately AUD $688 million (approximately USD $461 million based on AUD/USD 0.67) (effective 2023-04-17).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Aristotle Holding III Pty Limited
- Value
- approximately AUD $688 million (approximately USD $461 million based on AUD/USD 0.67)
- Effective
- 2023-04-17
Exact text from the filing
On April 17, 2023, JELD-WEN Holding, Inc., a Delaware corporation (the " Company "), announced that it has completed the comprehensive review of strategic alternatives for its Australasia business, and that JW International Holdings, Inc. (" JW International "), a wholly-owned subsidiary of the Company, entered into a Share Sale Agreement (the " Sale Agreement ") with Aristotle Holding III Pty Limited (the " Buyer "), a subsidiary of Platinum Equity Advisors, LLC, pursuant to which JW International agreed to sell all of the outstanding capital stock of JELD-WEN Australia Pty. Ltd., a wholly-owned subsidiary of JW International that holds, directly or indirectly through a subsidiary, all of the assets and operations of the Company’s Australasia business (" JW Australia "), for a purchase price of approximately AUD $688 million (or approximately USD $461 million based on the AUD/USD foreign exchange rate of 0.67 as of April 17, 2023) (the " Transaction ").
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