Video Display to Sell Z-Axis Unit, Will Receive 90% of Proceeds
October 03, 2013 at 12:17 PM EDT
Video Display Corporation (Nasdaq: VIDE ), a global leader in design and manufacture of specialty displays and display solutions, today announced a definitive agreement has been negotiated to sell its Z-AXIS Inc. subsidiary (Z-AXIS) to a newly-incorporated NY-based company formed by the current management of Z-AXIS. The sale includes