Trimble (NYSE:TRMB) shares increased approximately 4% on Tuesday following an Axios report that the company is collaborating with Goldman Sachs to explore a sale of its transportation and logistics division. The report, which referenced three unidentified sources familiar with the matter, indicates that Trimble is actively reviewing its portfolio of business units and that the transportation and logistics segment is one of several divisions under consideration for divestiture. No further details on valuation, timeline, or potential buyers were disclosed.
Trimble Transportation Unit Sale Spurs 4% Rise
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