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Portec acquires Salient Systems
By Railway Gazette International and Andrew Grantham2004-09-01T10:00:00
PORTEC Rail Products Inc announced on July 21 that it is to acquire 100% of the outstanding shares of Salient Systems for a combination of stock and cash, valued at $12·4m to $14·0m, depending upon Portec Rail’s stock price prior to closing.
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