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News Breaks
July 3, 2013
13:58 EDTLAKELakeland Industries to take charge related to plant sale
Lakeland Industries disclosed in a regulatory filing that on June 30, the company sold its plant in Qingdao, China to Qingdao Yingzhouhai Textile International Trading Co. Gross proceeds to the company amounted to $1.43M, less Chinese taxes of $150,000 and expenses of sale of $170,000 resulting in net proceeds of $1.11M. In addition to the $300,000 proceeds received directly by the U.S. parent company, the U.S. parent company received liquidating dividends of $2.95M which reflect both the net proceeds received by its subsidiary and a liquidating dividend for the remaining assets not sold in this transaction. The company will take an accounting charge for United States taxes for a significant amount yet to be determined as a result of this sale, but due to its loss carryforwards will pay no cash currently.
News For LAKE From The Last 14 Days
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October 20, 2014
14:29 EDTLAKELakeland Industries management to meet with Philadelphia Securities Association
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October 17, 2014
09:46 EDTLAKESarepta soars after publication of Ebola drug candidate data
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October 16, 2014
12:30 EDTLAKELakeland Industries management to meet with Benchmark Co.
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October 15, 2014
10:49 EDTLAKEEbola linked names rise again amid broader market sell-off
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October 14, 2014
09:46 EDTLAKELakeland Industries falls sharply on heavy volume
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October 10, 2014
17:14 EDTLAKEMarket ends week lower amid global growth worries
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October 9, 2014
16:25 EDTLAKEOn The Fly: Closing Wrap
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14:55 EDTLAKEHospital says deputy showing no signs of Ebola, AP reports
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12:06 EDTLAKELakeland Industries continues surge amid Ebola fears
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October 8, 2014
13:11 EDTLAKELakeland Industries up 10% following death of U.S. Ebola patient in Texas
Lakeland Industries makes hazmat suits for use in handling the Ebola virus. Shares are up 10% in afternoon trading to $11.04.

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