TB Wood's Corporation: TB Wood's Corporation Announces Completion of SEC Review of Its Accounting for Post-Employment Healthcare Benefit Obligations
27th Sep 2005, 11:02 GMT
CHAMBERSBURG, PA (MARKET WIRE) TB Wood's Corporation (NASDAQ: TBWC) announced today that it has completed its review of its accounting for post-employment healthcare benefit obligations and, after conclusion of its discussions with the Staff of the Securities and Exchange Commission (the "SEC"), has determined that its original accounting treatment of this issue was correct. Accordingly, in light of this conclusion, the Company's
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