Dateline City:
NEWARK, Calif. & LAUSANNE, Switzerland
NEWARK, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)--Logitech International (SIX:LOGN) (Nasdaq:LOGI) today announced that,
based on a third party valuation report, it will take a non-cash,
non-tax-deductible goodwill impairment charge related to the acquisition
of Lifesize. As communicated in April 2015, Logitech has been evaluating
the goodwill associated with Lifesize. This charge is expected to be
between $100 million and $123 million in the fourth quarter of Fiscal
Year 2015.
Language:
English
Contact:
Logitech InternationalJoe GreenhalghVice President, Investor Relations – USA510-713-4430orKrista ToddVice President, Communications – USA510-713-5834orBen StarkieCorporate Communications – Europe+41-(0) 79-292-3499
Ticker Slug:
Ticker: LOGN Exchange: SWX
Ticker: LOGI Exchange: NASDAQ
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