(Reuters) - 3M Co will expand its traffic safety division by paying $110 million for the electronic tolling business of Federal Signal Corp, a safety and transportation systems maker, sending Federal Signal shares up 18 percent in early trading.
Federal Signal, which had outstanding debt of $235.6 million as of March 2012, said it would use the proceeds to reduce debt.
Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Sunday, June 24, 2012
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