We also remain on track with the closure of our Frisco recycling operations and the sale of adjacent property. In October, the city is expected to fully fund an escrow account, at which time we will begin the process the wind down our operations. As we stated in June, the operations will cease before December 31, 2012. According to this time line, we expect to record a pretax gain of about $28 million as early as the second quarter. We expect to receive net proceeds of approximately $37 million when the transaction closes. With the Frisco closure, we will be exiting third-party lead sales.As we discussed last quarter, we announced increased pricing to recoup investments to comply with new regulatory group [ph] requirements in the U.S. This pricing is now fully in effect with most of our aftermarket customers.
Exide Technologies Management Discusses Q1 2013 Results - Earnings Call Transcript
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