Home > News > Headwaters Announces Stock Repurchase, Goodwill Impairment Charge
October 22nd, 2007
Headwaters Announces Stock Repurchase, Goodwill Impairment Charge
Abstract:
Headwaters Incorporated said that its board of directors has authorized the purchase of up to $15 million of the company's common stock.
Other companies in the sector include Veeco Instruments (NASDAQ: VECO), Ultratech Inc. (NASDAQ: UTEK), and Harris & Harris Group (NASDAQ: TINY).
Under terms of the buyback the company reserved the right to repurchase common shares at its own discretion based on conditions including stock price. Headwaters also said that it will record a $98 million non-cash impairment charge that will be recorded for writing down the goodwill of construction materials unit Tapco.
The charge will be recorded in the company's 2007 financial results.
Headwaters Inc. is a component of the International Security Exchange-Cronus Capital Market (ISE-CCM) Nanotechnology Index. Complete information is available from the ISE-CCM page at http://www.ccmopportunitybase.com.
Source:
tradingmarkets.com
Bookmark:
| Related News Press |
Investments/IPO's/Splits
Daikin Industries becomes OCSiAl shareholder July 27th, 2021
INBRAIN Neuroelectronics raises over €14M to develop smart graphene-based neural implants for personalised therapies in brain disorders March 26th, 2021
180 Degree Capital Corp. Issues Second Open Letter to the Board and Shareholders of Enzo Biochem, Inc. March 26th, 2021
Announcements
Electrifying results shed light on graphene foam as a potential material for lab grown cartilage June 6th, 2025
Quantum computers simulate fundamental physics: shedding light on the building blocks of nature June 6th, 2025
A 1960s idea inspires NBI researchers to study hitherto inaccessible quantum states June 6th, 2025
 |
||
 |
||
| The latest news from around the world, FREE | ||
 |
||
|
|
||
| Premium Products | ||
 |
||
|
Only the news you want to read!
Learn More |
||
 |
||
|
Full-service, expert consulting
Learn More |
||
|
|
||