Brief: Liquidity services decided to exit its Truckcenter Land based, live auction, retail business on Jan. 30, 2017

Liquidity Services

03/02/2017 11:04

Feb 3 (Reuters) - Liquidity Services Inc  LQDT.O : 
    * Liquidity services -on January 30, 2017, decided to exit 
its Truckcenter Land based, live auction and retail business 
    * Liquidity services inc  - "expects to incur these pre-tax 
restructuring charges in quarter ended march 31, 2017 and 
quarter ended June 30, 2017" 
    * Liquidity services -wind down plan contemplates 
termination of employment of up to 19 employees, which 
constitutes about 2% of company's global workforce 
    * Liquidity services - will continue to handle sale of 
transportation assets on behalf of national fleets, leasing 
companies, government agencies, corporate clients 
    * Liquidity services -company will wind down the truckcenter 
live auction and retail locations over the next three months 
    * Liquidity services - will handle the sale of the 
transportation assets through its existing online auction 
marketplaces 
 
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