IRE-Polus revenue accounts for less than 5% of IPG's full-year revenue. Related to the transaction, the Company expects to record total estimated charges of $195 million to $210 million. Of these total estimated charges, $60 million to $65 million relates to the carrying value of net assets of IRE-Polus that is in excess of net proceeds received on the sale and $135 million to $145 million relates to the cumulative translation adjustment component of other comprehensive income that is included in shareholders equity.

The Company does not expect to provide any further information regarding the transaction until it reports earnings results for the third quarter.