Terminix shares edge up on divestments for Rentokil deal

Terminix Global Holdings Inc. TMX, -3.34% shares rose 1% in premarket trades on Monday after the company said it sold its pest management units in Norway and the U.K. to unnamed buyers in order to close its pending $6.7 billion acquisition of Rentokil Initial Plc. Terminix said it will book a loss on the sale of the assets, which were seen generating a combined $60 million in revenue for 2022. Terminix said it remains on track to close the acquisition of Rentokil in the second half of 2022.