Subsidiary Divested - Los Angeles Times
Subsidiary Divested - Los Angeles Times"
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IRVINE — Laser manufacturer Trimedyne Inc. said Monday that it has completed the sale of its 90% owned subsidiary Poly-Optical Products Inc. for cash to privately held Remote Source Lighting
International Inc., in Raleigh, N.C. Trimedyne expects to record a gain of about $700,000 in the current quarter as a result of the sale. Poly-Optical manufactures plastic fiber-optic
devices in the automotive, industrial and medical fields. MORE TO READ
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