The transaction, which will close by July, will net Penney about $ 3.5 billion in cash after closing adjustments, taxes, fees and other transactional expenses. (nreionline.com)
To give you a sense of just how much money is to be made, the single April 2015 transaction allowed the company to remove the principal balance of loans backing the Trust from its balance sheet and realize a pre-tax gain on sale of approximately $ 78 million after estimated closing adjustments and transaction costs, a 10.5 - percent premium over the loans» book value. (consumerhelpcentral.com)
Under terms of the agreements Marriott will pay approximately US$ 186 million subject to normal closing adjustments. (breakingtravelnews.com)