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billion on an enterprisevalue basis. Upon completion of the transaction, Altra shares will no longer be listed on any public market. The Company ended the quarter with total grossdebt of $1.06 billion and net debt* of approximately $860 million. Preliminary Financial Results. million, or 19.8%
Note that this framework applies for all businesses, from the smallest, privately owned businesses, where debt takes the form of bank loans and even credit card borrowing and equity is owner savings, the largest publicly traded companies, where debt can be in the form of corporate bonds and equity is shares held by public market investors.
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