Brief: L.B. Foster Announces Track Components Business Divestiture

L B Foster

05/08/2022 14:58

Aug 5 (Reuters) - L B Foster Co  FSTR.O :
    * L.B. FOSTER ANNOUNCES TRACK COMPONENTS BUSINESS
DIVESTITURE
    * L B FOSTER CO - CASH PROCEEDS FROM TRANSACTION ARE
EXPECTED TO
TOTAL APPROXIMATELY CAD 10.2 MILLION
    * L B FOSTER CO - REVENUES FROM DIVESTED BUSINESS TOTALED
APPROXIMATELY US $14 MILLION FOR TRAILING-TWELVE-MONTHS ENDED
JUNE 30, 2022
    * L B FOSTER CO - SALE OF ITS RAIL SPIKES AND ANCHORS TRACK
COMPONENTS BUSINESS TO GERDAU AMERISTEEL CORPORATION

Source text for Eikon:  ID:nGNX6sbBD0 
Further company coverage:  FSTR.O 

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