for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

BRIEF-Platinum Equity To Acquire Pitney Bowes' Global Production Mail Business

April 30 (Reuters) - Pitney Bowes Inc:

* PLATINUM EQUITY TO ACQUIRE PITNEY BOWES’ GLOBAL PRODUCTION MAIL BUSINESS

* PITNEY BOWES INC - DEAL FOR $361 MILLION

* PITNEY BOWES INC - ANTICIPATES PROCEEDS FROM SALE OF APPROXIMATELY $270 MILLION, NET OF ESTIMATED CLOSING COSTS, TRANSACTION FEES AND TAXES

* PITNEY BOWES INC - EXPECTS TO USE MAJORITY OF NET PROCEEDS FROM SALE TO PAY DOWN DEBT Source text for Eikon: Further company coverage:

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up