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Stock Market & Financial Investment News

News Breaks
June 11, 2014
13:30 EDTASTCAstrotech completes organization to own 100% of its subsidiary companies
Astrotech announced that it has completed an internal reorganization and will now own 100% of its subsidiary companies 1st Detect Corporation and Astrogenetix, in which it had previously issued equity grants to employees."This transaction was the right thing to do for our shareholders," said Thomas B. Pickens III, Chairman and CEO of Astrotech. "The subsidiary equity grants were meant to incentivize our employees, however we found that it caused confusion and uncertainty among our shareholders, so we have now simplified our corporate structure."This transaction will restore the ownership by Astrotech shareholders of 100% of the subsidiary companies. Previously, Astrotech owned 86.4% and 83.6% of 1st Detect and Astrogenetix, respectively.
News For ASTC From The Last 14 Days
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November 14, 2014
10:00 EDTASTCAstrotech reports Q1 EPS $1.16 vs. 6c last year
Reports Q1 revenue $320K vs. $0 last year. Q1 net income of $23.3M, or $1.16 per diluted share, was primarily the result of a $25.6M gain, or $23.7M after-tax, related to the sale of our former ASO business to Lockheed Martin.

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