(NASDAQ:WDFC) SAN DIEGO--(BUSINESS WIRE)--WD-40 Company (NASDAQ:WDFC) announced today the sale of its homecare and cleaning product businesses in the United Kingdom, consisting of its 1001 and 1001 Carpet Fresh brands, to Supreme Imports Ltd, a Manchester-based consumer products developer, manufacturer, and distributor. The transaction was completed through a simultaneous sign-and-close process, with WD-40 Company providing certain transition services for up to three months. The all-cash transaction, includi
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What will be the immediate effect on WD-40 Company's share price and volume?
How will the divestiture affect the company's cash flow and future earnings guidance?
Does this transaction provide a strategic advantage compared to peers in the chemicals sector and could it signal further portfolio reshuffling?