City of Frisco and Exide Technologies Reach Agreement on Sale of Land
Posted by Sammy Gardner on
By Sammy Gardner
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The following statement was issued by the City of Frisco today regarding the proposed agreement over the purchase by the city of the 180-acres of land surrounding Exide's Frisco Operations. Â This is great news for Frisco residents!Â
FRISCO, Texas, May 31, 2012 – Exide Technologies (NASDAQ: XIDE, www.exide.com) and the City of Frisco announced today a proposed agreement that would result in the sale of approximately 180-acres of undeveloped land surrounding Exide’s Frisco Operations Under the terms of the agreement, the land, which consists of the current buffer zone around Exide’s plant, will be sold to the Frisco Community Development Corporation and the Frisco Economic Development Corporation for $45 million.
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