UPDATE 1-Wabco says $400 mln EU fine to hurt Q2, FY earnings

Newswire

* To pay fine as part of deal with former parent * Fine to hurt Q2 EPS by $6.06; 2010 EPS by $0.01 * Co says not involved with the matter directly * To pay fine with cash on hand, available credit * Terms fine "excessive," may appeal June 23 (Reuters) - Auto parts maker Wabco Holdings Inc said a 326 million euros ($400 million) fine that the European Union antitrust regulators levied against entities representing its former parent will hurt second-quarter and 2010 earnings. The ...

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