Brief: Astec Industries To Sell Gefco

Astec Industries

09/12/2019 22:56

Dec 9 (Reuters) - Astec Industries Inc  ASTE.O :
    * PRESS RELEASE - ASTEC INDUSTRIES TO SELL GEFCO, INC.
    * ASTEC INDUSTRIES TO SELL GEFCO, INC.
    * ASTEC INDUSTRIES INC - GEFCO BUSINESSES CONTRIBUTED ABOUT
$50
MILLION IN ANNUALIZED REVENUE
    * ASTEC INDUSTRIES -  GEFCO DIVESTITURE EXPECTED TO
ELIMINATE
RELATED ANNUAL OPERATING LOSSES AND BE ACCRETIVE TO ANNUALIZED
EPS
    * ASTEC INDUSTRIES INC - IN PROCESS OF FINDING A BUYER FOR
GEFCO'S
BUSINESSES
    * ASTEC INDUSTRIES INC - ABOUT 150 GEFCO EMPLOYEES MAY BE
AFFECTED
BY DIVESTITURE

Source text for Eikon:  ID:nGNX3RsZyp 
Further company coverage:  ASTE.O 

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