Los Angeles, Sept. 19, 2011 /PRNewswire/ -- Fyfe Group, LLC was acquired by Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU). The total purchase price was approximately $115 million. William Locher, Seth Eaton, and Jonathan Wolf of Gibbs, Giden, Locher, Turner & Senet LLP represented the seller, Fyfe Group, LLC, and provided legal services related to due diligence, negotiation of the purchase agreement, and documentation of all related aspects of the transaction. The transaction closed on August 31, 2011. Fyfe Group, based in San Diego, California, is a pioneer and industry leader in the development, manufacture and installation of fiber reinforced polymer (FRP) systems for the structural repair, strengthening and restoration of pipelines (oil, gas, water and wastewater), buildings (commercial, Federal, municipal, residential and parking garages), bridges and tunnels, and waterfront structures. Insituform Technologies, Inc., based in Chesterfield, Missouri, is a global leader in infrastructure protection. They provide proprietary technologies and services for the corrosion protection of industrial pipelines and for rehabilitating and strengthening sewer, water, energy, and mining piping systems. About Gibbs, Giden, Locher, Turner & Senet LLP Founded in 1978, GGLTS focuses on serving the interests of the construction and real estate industries with attorneys admitted in California, Nevada, and Arizona. GGLTS represents a wide range of clients in litigation, transactions, and other related matters. For More Information Contact Us at:Gibbs, Giden, Locher, Turner & Senet LLP1880 Century Park East, Suite 1200 Los Angeles, California 90067Phone: (310) 552-3400Email: firstname.lastname@example.org or email@example.com SOURCE Gibbs, Giden, Locher, Turner & Senet LLP
Insituform Technologies (Nasdaq:INSU) hit a new 52-week low Friday as it is currently trading at $11.49, below its previous 52-week low of $11.61 with 334,164 shares traded as of 10:20 a.m. ET. Average volume has been 479,300 shares over the past 30 days.
Shares of Insituform Technologies (Nasdaq:INSU) were gapping down Thursday morning with an open price 11.2% lower than Wednesday's closing price. The stock closed at $13.22 yesterday and opened today's trading at $11.74.
Insituform Technologies (Nasdaq:INSU) hit a new 52-week low Wednesday as it is currently trading at $12.98, below its previous 52-week low of $13.01 with 342,541 shares traded as of 3:46 p.m. ET. Average volume has been 480,400 shares over the past 30 days.