L.B. Foster extends tender offer for Portec Rail Products, Inc.
Written by jrood
L.B. Foster Company 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 5:00 p.m., New York City time, on December 15, 2010. The tender offer was previously set to expire at midnight, New York City Time on November 15, 2010.
As of November 12, 2010,
6,037,933 shares of common stock had been tendered in and not withdrawn from
the offer. These tendered shares constituted 62.87% of the outstanding shares
of common stock.
