L.B. Foster Company extends of tender offer for Portec Rail Products
Written by jrood
L.B. Foster Company said that it is extending its previously announced cash tender offer, through its wholly-owned subsidiary Foster Thomas Company, for all outstanding shares of common stock of Portec Rail Products, Inc., until 12:00 midnight, New York City time, on August 16, 2010. The tender offer was previously set to expire at midnight, New York City Time on July 30, 2010.
As of July 29, 2010,
6,185,458 shares of common stock had been tendered in and not withdrawn from
the offer. These tendered shares constituted 64.41 percent of the outstanding
shares of common stock.
