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Company will immediately repay $75 million of outstanding debt
September 10, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
Federal Signal Corporation announced that it has completed the sale of its Federal Signal Technologies Group (FSTech) business to 3M Company for $110 million in cash. The company will immediately repay $75 million of outstanding debt with proceeds from the transaction. “I would like to thank all of the talented employees of FSTech for their innovative contributions and leadership in the intelligent transportation industry,” Dennis Martin, Federal Signal’s president and CEO, said. “I am confid...
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