Clearfield (CLFD) said Wednesday that it has divested its Nestor Cables business via a management buyout led by members of Nestor's management team.
The deal will lead to a loss due to a one-time charge in Clearfield's fiscal Q4, with "minimal cash impact to Clearfield," the company said.
More information will be provided in Clearfield's earnings release, which is slated to be released before the market open on Nov. 25, Clearfield said.
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