Market Currents
Federal Signal (FSS) agrees to sell its FSTech business, which makes hardware and software used...
-
Thursday, June 21, 2012, 8:32 AM ETFederal Signal (FSS) agrees to sell its FSTech business, which makes hardware and software used in electronic tolling, parking and access control and law enforcement, to 3M (MMM) for $110M in cash. FSS says the move is aimed at reducing outstanding debt, which totaled $235M at the end of March.
Other date
Latest Articles
This news story has 1 comment:
1976 to 1985, during which time FSS stock rose from $6 to $20 per
share and the Company was about in the same shape as it is today-not very good.
We increased the dividend nine times and split the stock 9 times due to increased income performance and cash flow.
While accomplishing this, I received a salary of $100,000 at the
highest point, not up to $1,000,000 a year as the current CEO and CFO receive, which in my mind is ludricous.
FSS is paying their top management double the cost of the value they are bringing to the Company.
Respectfully, Vern Diedrick