Superior Essex to Receive Settlement Proceeds of Approximately $19.5 Million
30 Aprile 2008 - 6:45PM
Business Wire
Superior Essex Inc. (NASDAQ: SPSX) today announced that it has
reached a settlement related to disputed proceeds from copper
antitrust litigation dating back to 2003. As a result, the Company
will receive approximately $19.5 million in cash and record a gain
for the same amount in the second quarter of 2008. ABOUT SUPERIOR
ESSEX Superior Essex�Inc., a FORTUNE 1000 company, is one of the
largest wire and cable manufacturers in the world. The Company
manufactures and supplies a broad portfolio of wire and cable
products for the Communications, Energy, Automotive, Industrial,
and Commercial & Residential end-markets.�It is a leading
manufacturer of magnet wire, fabricated insulation products, and
copper and fiber optic communications wire and cable. It is also a
leading distributor of magnet wire, insulation and related
products. Additional information on the Company can be found on its
Web site at superioressex.com.
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