Key Developments: Vishay Precision Group Inc (VPG.N)
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Latest Key Developments (Source: Significant Developments)
Vishay Precision Group Inc Issues Q2 2013 Revenue Guidance
Vishay Precision Group Inc announced that for the second quarter of 2013, it expect overall revenues in the range of $60 million to $65 million. Full Article
Faruqi & Faruqi, LLP Launches Investigation Against Vishay Precision Group Inc For Potential Breaches Of Fiduciary Duties By Board Of Directors
Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, is investigating the Board of Directors of Vishay Precision Group, Inc. for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for the Company's amended and restated 2010 Stock Incentive Program. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on April 10, 2013, the Board of Directors recommends that Vishay's shareholders vote to approve the Company's Amended and Restated 2010 Stock Incentive Program. The amendment would increase the number of shares of common stock available for issuance to 1,000,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Vishay common stock. Full Article
Vishay Precision Group Inc Issues Q1 2013 Revenue Guidance
Vishay Precision Group Inc announced that for the first quarter of 2013, it expect overall revenues in the range of $54 million to $59 million. Full Article
Vishay Precision Group Inc Completes Acquisition Of George Kelk Corporation
Vishay Precision Group Inc announced it has completed its acquisition of George Kelk Corporation (KELK), of Toronto Canada, a privately held company. The purchase price was approximately $50 million Canadian, subject to customary post-closing adjustments. VPG financed the acquisition through a combination of cash on hand and third party borrowings. Full Article
Vishay Precision Group Inc To Acquire George Kelk Corporation
Vishay Precision Group Inc announced the signing of a definitive agreement to acquire the assets of George Kelk Corporation (KELK), of Toronto Canada, a privately held company. The acquisition is expected to close by January 31, 2013. The purchase price for this business is approximately CAD50 million, subject to customary post-closing adjustments. VPG will finance the acquisition through a combination of cash on hand and third party borrowings. KELK experienced an average of approximately CAD30.0 million in annual net sales and an average of approximately CAD8.0 million in annual EBITDA over the last two years. Full Article
Vishay Precision Group Inc Issues Q4 2012 Revenue Guidance Below Analysts' Estimates
Vishay Precision Group Inc announced that for the fourth quarter of 2012, it anticipates overall revenues in the range of $49 million to $54 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report $58 million for the fourth quarter of 2012. Full Article
Vishay Precision Group Inc Issues Q3 2012 Revenue Guidance
Vishay Precision Group Inc announced that it anticipates with the current market conditions that overall revenues for the third quarter of 2012 will be in the range of $52-$57 million. Full Article
Vishay Precision Group Inc Issues Q2 2012 Revenue Guidance
Vishay Precision Group Inc announced that the anticipated business for the second quarter of 2012 will result in overall revenues in the range of $54 million to $59 million. Full Article
Vishay Precision Group Inc Issues Q1 2012 Revenue Guidance
Vishay Precision Group Inc announced that the anticipated business for the first quarter of 2012 will result in overall revenues in the range of $53 million to $58 million. Full Article
Vishay Precision Group Inc Lowers Q4 2011 Revenue Guidance
Vishay Precision Group Inc announced that for the fourth quarter of 2011, it expects to report revenues of approximately $56.5 million, which is slightly below its previous guidance for the period. The decrease in sales volume is expected to result in a gross margin reduction. The lower revenue for the quarter is primarily the result of missed shipments due to operational capacity issues at end-of-year, as well as lower European sales compared to the previous revenue guidance. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $61.3 million for the fourth quarter of 2011. Full Article

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