March 6, 2018 / 1:38 PM / 8 months ago

BRIEF-Enterprise Group Posts Letter Of Intent To Divest The Business Of Calgary Tunnelling & Horizontal Augering

March 6 (Reuters) - Enterprise Group Inc:

* PRESS RELEASE - ENTERPRISE GROUP ANNOUNCES LETTER OF INTENT TO DIVEST THE BUSINESS OF CALGARY TUNNELLING & HORIZONTAL AUGERING

* ENTERPRISE GROUP INC - DEAL FOR APPROXIMATELY $21 MILLION

* ENTERPRISE GROUP INC - ‍ PROCEEDS FROM TRANSACTION WOULD BE USED TO REDUCE ENTERPRISE’S DEBT​

* ENTERPRISE GROUP - ON COMPLETION OF DEAL, CO WILL BE NET DEBT FREE

* ENTERPRISE GROUP INC - ‍INTENDS TO FOCUS FORWARD ATTENTION ON EQUIPMENT RENTAL SECTOR​

* ENTERPRISE GROUP - ENTERED ‍LOI TO DIVEST BUSINESS OF CALGARY TUNNELLING & HORIZONTAL AUGERING TO A PRIVATE ARM’S LENGTH PURCHASER​ Source text for Eikon: Further company coverage:

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