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Article: Financial Briefs.
- Article from:
- Metalworking Insiders' Report
- Article date:
- March 1, 2000
CopyrightCOPYRIGHT 2000 Gardner Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An additional stock offering for Robotic Vision Systems Inc. (RVSI, Canton, Mass.), the machine-vision and automated identification company, of 5 1/4-million shares at $14.75. The offering is being done through ING Barings L.L.C. The automation company is traded on the Nasdaq.
Bond-rating service Moody's Investors Service looked at Unova Inc. this week and wasn't overly pleased. It confirmed long-term debt ratings (Baa2 for debentures) and changed the outlook to negative from stable. The rating reflects good financial results in Unova's traditional Industrial Automation Systems businesses except for underperforming German operations and Cincinnati Machine. Over in ...