L.B. Foster Company extends tender offer for Portec Rail Products, Inc.
Written by jrood
L.B. Foster Company said 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 November 15, 2010. The tender offer was previously set to expire at midnight, New York City Time on September 30, 2010.
As of September 29, 2010,
6,686,741 shares of common stock had been tendered in and not withdrawn from
the offer. These tendered shares constituted 69.63 percent of the outstanding
shares of common stock.
