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Vancouver, British Columbia, Canada, has completed the acquisition of all assets and certain related net working capital of Potlatch Corp. Stocks occasionally trade below adjusted net working capital per share (current assets less current liabilities and long-term debt divided by shares outstanding). LCI"), a 100% owned subsidiary of International Shipholding Corporation (NYSE:ISH), announced today that LCI and the other shareholders of Belden Shipholding PTE LTD ("Belden") have sold the Company, Belden, to Kristian Gerhard Jebsen Skipsrederi A/S for $236 million less debt obligations and net working capital consideration. |
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