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Baldwin Settles Oxy-Dry Purchase Price Dispute

Wednesday, May 13, 2009

Press release from the issuing company

SHELTON, Conn.-- Baldwin Technology Company, Inc., a global leader in process automation technology for the printing industry, today announced that it has resolved its purchase price dispute related to working capital with the selling shareholders from whom Baldwin acquired the Oxy-Dry group of companies in November 2006, with a $517,121 refund of the purchase price to Baldwin. The payment, net of the arbitration costs, will be recorded as an adjustment of goodwill related to the acquisition.

Baldwin FY ’09 Q3 Earnings Release Rescheduled for Friday, May 15, 2009, After Market Close. Conference Call Time Changed to 11:00 AM Eastern Time on Monday, May 18. Baldwin will distribute its earnings release Friday, May 15, 2009, after the markets close, when it files its Form 10-Q for the fiscal 2009 third quarter. The company will host its conference call Monday, May 18 at 11:00 a.m. ET to review the financial results.

 

 

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