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Quotes & Info
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| LECO > SEC Filings for LECO > Form 8-K on 29-Jul-2009 | All Recent SEC Filings |
29-Jul-2009
Other Events, Financial Statements and Exhibits
On July 29, 2009, Lincoln Electric Holdings, Inc. (the "Company") issued a press release announcing the acquisition of 100% control of Jinzhou Jin Tai Welding and Material Co., Ltd. ("Jin Tai"), a welding wire business located in Jinzhou, China as well as the divestiture of a 35% interest in Kuang Tai Metal Industrial Co., Ltd. ("Kuang Tai"), a Taiwan-based business. Previously, the Company, through its Asian subsidiary, had owned 48% of Jin Tai with the remaining 52% held by Kuang Tai and other partners. Lincoln will exchange its 35% ownership interest in Kuang Tai for the remaining 52% of Jin Tai, make cash payments of approximately $39 million and assume Jin Tai's net debt of approximately $10 million. A copy of the Company's press release issued on July 29, 2009 is attached hereto as Exhibit 99.1 and incorporated herein by reference. The press release is also available through the Company's website at www.lincolnelectric.com.
(d) Exhibits
99.1 The Company's press release dated July 29, 2009.
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