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ModusLink CEO to retire, co. to restate results

By Washington Examiner
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WALTHAM, Mass. (AP) — ModusLink Global Solutions Inc., which manages corporate supply chains, said Monday that its CEO will retire once a replacement is found. The company also said Monday that it will restate its financial results since fiscal 2009 and delay filing its results for its most recent quarter because of accounting irregularities.

ModusLink’s shares fell nearly 9 percent in morning trading.

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