Freightcar America (RAIL) has released an update to notify the public and investors about an entry into a material definitive agreement.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
FreightCar America, Inc. entered into royalty agreements with three individuals, Jesús Salvador Gil Benavides, Alejandro Gil Benavides, and Salvador Gil Benavides, who are associated with the company either through the board, stock ownership, or as lessors of its manufacturing facility in Mexico. These agreements stipulate that the company will pay royalties based on a percentage of the revenue from railcars and tank cars produced or serviced in Mexico. The agreements are set to expire with the end of certain production line periods unless terminated earlier.
For further insights into RAIL stock, check out TipRanks’ Stock Analysis page.
