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November 8, 2001
By: TOM BRANNA
Editor
The board of directors of National Service Industries, Inc. yesterday formally approved the spin-off of the company’s lighting equipment and chemicals businesses into a separately traded company. The spin-off company is currently called L & C Spinco, Inc. but will be officially renamed soon. The post-spin NSI will consist of NSI’s remaining textile rental and envelope businesses.“We are confident that this transaction will provide the two separated companies both the capit...
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