Green Tree-based L.B. Foster Co. announced today that it would extend its tender offer to buy all outstanding shares of common stock for Portec Rail Products until Aug. 30. It's previous offer was set to expire at midnight tonight.

As of Aug. 13, a total of 6,826,795 shares of common stock had been tendered in and not withdrawn from the offer. These tendered shares constitute 71.09 percent of the outstanding shares of common stock.

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