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Valmont Industries Sells 49 Percent Stake in Manganese Metal Company
Feb. 21, 2013 11:00AM PST
Battery MetalsValmont Industries (NYSE:VMI) announced that they have sold their 49 percent stake in Manganese Metal Company. As quoted in the press release: Bilston contributed $5.1 million after tax to Valmont in 2012. The Company does not expect the profit or loss on the sale to be material, although certain deferred tax benefits approximating $3 million associated with the sale are […]
Valmont Industries (NYSE:VMI) announced that they have sold their 49 percent stake in Manganese Metal Company.
As quoted in the press release:
Bilston contributed $5.1 million after tax to Valmont in 2012. The Company does not expect the profit or loss on the sale to be material, although certain deferred tax benefits approximating $3 million associated with the sale are expected to be recognized in 2013.