Consumer and industrials business GUD Holdings Limited (ASX: GUD) announced on Thursday it had entered into an agreement to sell the balance of its stake in Sunbeam Corporation for $35 million. The company will sell its 51% stake to its US-based Sunbeam Products Inc, which trades as Jarden Consumer Solutions. GUD shares closed up 14.2% for the week. We own shares in GUD in the investment portfolio.
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