Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

IPG Photonics (IPGP) is paying $55.4M in cash to buy back a 22.5% stake in Russian subsidiary...

  • Friday, June 29, 2012, 9:26 AM ET
    IPG Photonics (IPGP) is paying $55.4M in cash to buy back a 22.5% stake in Russian subsidiary NTO IRE-Polus that it previously sold to local firm Rusnano. The industrial laser maker notes the net income attributed to Rusnano's stake had lowered its 2011 EPS by $0.07, and its Q1 2012 EPS by $0.01. (PR)
Track new comments on this story

This news story has 3 comments:

  •  
    Nice to know what IPGP sold the interest for, but what is it paying to buy it back?
    29 Jun 2012, 01:52 PM Reply Like
  •  
    $55.4M is what IPG is paying to buy back the stake. Edited the post to make this more clear.
    29 Jun 2012, 01:56 PM Reply Like
  •  
    I manage investment for individuals and do financial planning through LPL Financial. Securities regulations prohibit my participation in public blogs where I cannot document my audience and archive content. Therefore my participation will be quite limited. Censorship at work.
    29 Jun 2012, 01:56 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)

TECH ETFs IN FOCUS

Latest Tech Articles
More Latest Articles »