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12/28/2001
Rail News: Rail Industry Trends
Trinity to record merger-related restructuring charge
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Trinity Industries Inc. Dec. 28 announced restructuring charges between $50 million and $65 million — or 75 cents to 97 cents per share — tied to its merger with Thrall Car Manufacturing Co.
Trinity plans to record the mostly non-cash charges in its fiscal third quarter, which ends Dec. 31.
The merger, completed Oct. 26, created Trinity Rail Group Inc., which designs and manufactures a full range of rail cars at U.S.- and European-based facilities.
Trinity plans to record the mostly non-cash charges in its fiscal third quarter, which ends Dec. 31.
The merger, completed Oct. 26, created Trinity Rail Group Inc., which designs and manufactures a full range of rail cars at U.S.- and European-based facilities.
