CUI Global (CUI) Misses Q3 EPS by 7c, Revenues Miss

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CUI Global (CUI) Reports Agreement to Sell Power Business To Bel Fuse (BELFA)

November 11, 2019 7:32 AM EST

CUI Global, Inc. (NASDAQ: CUI) and Bel Fuse Inc. (NASDAQ: BELFA) and (NASDAQ: BELFB) today announced that the two companies have entered into an asset purchase agreement (the "Agreement") under which CUI Global will sell the majority of its Power business (the "CUI Power Business") to Bel for $32.0 million, plus the assumption of certain liabilities and subject to closing working capital adjustments. The CUI Power... More