Harsco Corporation (HSC) Tops Q3 EPS by 8c; Updates FY15 Outlook

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Harsco Corporation (HSC) Will Explore Options for Separation of Metals & Minerals Unit

November 9, 2015 7:02 AM EST

Harsco Corporation (NYSE: HSC) announced that its Board of Directors has unanimously determined to pursue strategic options for the separation of the Company's Metals & Minerals segment from the Industrial and Rail businesses and Brand joint venture. The Company has authorized its lead advisor, Goldman, Sachs & Co. to commence a formal process to evaluate all options for implementing a separation of Metals & Minerals, including but not limited to a potential sale or tax-free spinoff.

"Over the past two years, we have executed several initiatives to transform Harsco's portfolio and stabilize and strengthen each of our... More