AVTR Stock Flat Following the Close of Divestiture Deal With Audax

Avantor, Inc. (AVTR) recently announced that it has closed the divestiture of its clinical services business to Audax Private Equity (Audax) in a transaction valued at approximately $650 million. The transaction not only strengthens AVTR's balance sheet and reduces interest expenses but also enables the company to sharpen its focus on strategic growth opportunities in its lab and production businesses. Likely Trend of AVTR Stock Following the News Following the announcement, shares of the company closed fla ...