By
The Associated Press
Published: Fri, January 18, 2008 - 4:03 pm
Last Updated: Friday, January 18, 2008 - 4:35 pm
Last Updated: Friday, January 18, 2008 - 4:35 pm
the largest investor in Signal International, with a $100 million
purchase of shares in the shipbuilding firm that will move its
headquarters from Pascagoula, Mississippi, to RSA's Battle House
Tower, a new skyscraper in Mobile.
RSA bought about $100 million worth of shares in the $240
million company, said RSA chief David Bronner of Montgomery.
He said RSA had been working on the deal for "months and
months."
Signal builds and repairs ships and offshore oil rigs. The firm
employs about 3,000 people in Mobile, Pascagoula and in Texas at
Houston, Port Arthur and Orange.
The company leased 6,000 square feet of office space.
On the Net:
www.signalinternational.com
(Copyright 2008 by The Associated Press. All Rights Reserved.)

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