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Gartner Announces Sale Of CEB Talent Assessment - Quick Facts

Gartner, Inc. (IT) announced a definitive agreement to sell CEB Talent Assessment to Exponent Private Equity, a UK-based private equity firm, for $400 million. The transaction is expected to close in the first half of 2018. The company intends to use the majority of the proceeds to repay debt, and remains committed to reaching its leverage targets in-line with its existing plan.

Gartner expects the divestiture would be about $0.17 dilutive to 2018 adjusted earnings per share on a full year basis.

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