Wednesday, May 23, 2007

UPDATE 1-EnerSys says to restructure its European operations

(Reuters) - The company expects to incur cash expenses of about $12
million for employee severance-related payments and non-cash
expenses of about $5 million for fixed asset write-offs, due to
the restructuring.




About $15 million will be recorded during fiscal 2008, of
which about $10 million will impact first-quarter results, the
company said in a statement.


Read more at Reuters.com Mergers News

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