Masco's Kichler Lighting Sale Unlocks Value: Stock to Gain?

Masco Corporation (MAS) has taken a decisive step toward sharpening its focus on core operations by entering into a definitive agreement to sell its Kichler Lighting business to an affiliate of Kingswood Capital Management for approximately $125 million. The sale is expected to be completed by the end of the year, pending customary closing conditions and regulatory approvals. Shares of Masco lost 1.6% during the trading session on Sept. 3, 2024. How Will Masco Benefit From the Kichler Lighting Sale This div ...