NEW YORK (Thomson Financial) - MDI Inc. Monday said it completed its
previously announced acquisition of FAS Construction Management Inc. and will
begin integrating operations and networks of the two companies.
MDI expects the acquisition and subsequent integration to add to earnings in
2007.
Under the terms of the deal, FAS shareholders will receive 5 million shares
of MDI.
Shares of MDI fell 4.8% to 80 cents a share.
Christie Rizk
cr/jw
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