June 21, 2012 / 11:11 AM / 5 years ago

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

1 Min Read

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.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below