Exide Technologies Retains Financial Advisor
MILTON,
Ga., April 4, 2013 (GLOBE NEWSWIRE) -- Exide Technologies (XIDE)
(www.exide.com),
a global leader in stored electrical energy solutions, announced
today that the financial advisory firm of Lazard has been retained to
advise the company on financing alternatives to maximize the value of
the company for all stakeholders. The company does not anticipate
making any further announcements regarding its review until the
process is complete. In addition, the company expects that fiscal
2013 fourth quarter free cash flow will be approximately $50 million,
exceeding prior guidance of $30 million, with total liquidity (cash
and availability under credit lines) at March 31, 2013 of greater
than $230 million. These amounts are all subject to final audit and,
therefore, could be subject to change.
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