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News Breaks | | | | November 19, 2012 | | 11:46 EDT |  | LANC | Lancaster Colony raises quarterly dividend to 38c from 36c
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News For LANC From The Last 14 Days Check below for free stories on LANC the last two weeks. |
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| May 14, 2013 | | 12:10 EDT | | LANC | Lancaster Colony sale of unit's assets to result in pre-tax loss
On May 10, Lancaster Colony as part of its strategic alternative review of non-food operations, sold substantially all of the operating assets of Lancaster Colony Commercial Products, a wholly-owned subsidiary having non-food manufacturing and distribution operations for the foodservice and lodging markets. The company estimates that the cash transaction will result in a pretax loss of less than $1M, subject to post-closing adjustments. The loss will be reflected in the results for the company’s fiscal fourth quarter ending June 30. Historic net sales and operating results of the product lines sold were immaterial to consolidated results. | |
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