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News Watch
- 2/3/2010 10:02:41 AM
By Chip Brian, SmarTrend Analytics Team
02/03/2010-Shares of Exide Technologies (NASDAQ:XIDE) are trading over 27% lower to $5.76 Wednesday after the company said it has received notice from Wal-Mart Stores (NYSE:WMT) that the retail giant will buy automotive batteries from another source.
Exide CEO Gordon Ulsh commented, "While we hope that we'll have an opportunity to regain some or all of this business in the future, we are optimistic that we can take steps to minimize the long-term impact associated with this transition."
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