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

|About: IPG Photonics Corporation (IPGP)|By:, SA News Editor

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)