Bel Fuse to acquire CUI Global's power business for $32M

CUI Global and Bel Fuse entered into an asset purchase agreement under which Bel Fuse will acquire the majority of CUI Global's Power business for $32 million, plus assumption of certain liabilities.

“CUI Global, Inc. and Bel Fuse Inc. today announced that the two companies have entered into an asset purchase agreement under which CUI Global will sell the majority of its Power business to Bel for $32.0 million.”sec.gov

• 3 sources
• sec.govex_164722.htmNov 11, 2019
• streetinsider.comCUI Global (CUI) Reports Agreement to Sell Power Business To Bel Fuse (BELFA)Nov 11, 2019
• streetinsider.comCUI Global (CUI) Reports Agreement to Sell Power Business To Bel Fuse (BELFA)Nov 11, 2019

Summarized from public sources; check the original articles before acting on it.