Federal Signal to sell technology business to 3M for $110 mln

June 21 Thu Jun 21, 2012 7:11am EDT

June 21 (Reuters) - Safety and transportation systems maker Federal Signal Corp said it would sell its federal signal technologies business to 3M Co for $110 million in cash.

The company said it intends to use proceeds from the transaction, expected to close in the second half of 2012, primarily to reduce debt.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.