American Standard Directors Declare Quarterly Dividend of 16 Cents Per Share of Common Stock
05 Ottobre 2007 - 7:00PM
PR Newswire (US)
PISCATAWAY, N.J., Oct. 5 /PRNewswire-FirstCall/ -- The board of
directors of American Standard Companies Inc. (NYSE:ASD) yesterday
declared a quarterly dividend of 16 cents per share of common
stock. The dividend is payable on Dec. 20, 2007, to shareholders of
record on Dec. 3, 2007. On Feb. 1, American Standard Companies
announced plans to separate its three businesses. Since then, the
company completed the spinoff of its vehicle control systems
business as an independent company known as WABCO (NYSE:WBC). The
company also agreed to sell its bath and kitchen business to funds
advised by Bain Capital Partners, LLC, and expects to complete the
sale in the fourth quarter. To reflect its focus on the air
conditioning systems and services business, the company plans to
change its name to Trane. In 2006, air conditioning systems and
services, sold under the Trane(R) and American Standard(R) brands,
generated revenues of $6.8 billion with 29,000 employees.
Additional information is available at
http://www.americanstandard.com/. DATASOURCE: American Standard
Companies Inc. CONTACT: Skip Colcord, +1-732-980-3065, , or Shelly
London, +1-732-980-6175, , or investors and financial analysts
contact, Bruce Fisher, +1-732-980-6095, , all of American Standard
Companies Inc. Web site: http://www.americanstandard.com/
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