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BRIEF-Commercial Metals Company provides update regarding exit of international marketing and distribution segment
2017年9月8日 / 晚上8点35分 / 11 天前

BRIEF-Commercial Metals Company provides update regarding exit of international marketing and distribution segment

Sept 8 (Reuters) - Commercial Metals Co

* Commercial Metals Company provides update regarding exit of international marketing and distribution segment

* Commercial Metals Co - ‍estimates it will record pre-tax, non-cash charges associated with entire exit plan in Q4 of 2017 in range of $30 to $35 million​

* Commercial Metals Co - ‍Q4 results to include pre-tax net expense of $16 million related to cash tender offer and redemption of 7.35% senior notes due 2018​

* Commercial Metals Co - ‍Q4 results will also include approximately $10 million in expense associated with severance costs​

* Commercial Metals Co - ‍company is continuing to work towards an exit of remaining businesses of international marketing and distribution segment​ Source text for Eikon: Further company coverage:

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