Summary
L.B. Foster Co.'s $112 million deal to acquire Portec Rail Products Inc. will enable both century-old Pittsburgh-area companies to serve global markets.
Under the deal announced Wednesday, L.B. Foster will pay $11.71 in cash for each share of Portec. The price represents a 4 percent premium to Portec's closing price of $11.23 on Tuesday.See the full content of this document
Extract
Foster to Buy Portec for $112 Million in Push to Grow Globally
Founded in 1906, Portec provides a range of rail products, such as spikes and anchors. L.B. Foster was founded in 1902 and serves the r...
See the full content of this document
Sponsored links
