Cadre Close Acquisition of Nuclear Engineering Units From UK-Based Carr Group, Keeps Dividend Steady
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Cadre has completed a £75 million ($100 million) acquisition of two engineering subsidiaries from Carr's Group, enhancing its nuclear power equipment portfolio. The deal was funded through incremental term debt from an amended credit facility. Additionally, Cadre declared a quarterly dividend of $0.095 per share, consistent with the previous quarter, payable on May 16 to shareholders of record on May 2.
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