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Article: FLOW INTERNATIONAL COMPLETES REGISTRATION OF SHARES ISSUED IN SPIDER ACQUISITION
- Article from:
- PR Newswire
- Article date:
- April 1, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KENT, Wash., April 1 /PRNewswire/ -- Flow International Corp. (NASDAQ: FLOW) today announced that the registration of 576,115 shares of its common stock issued in connection with the Spider Staging Corp. acquisition has been declared effective by the Securities and Exchange Commission.
"Approximately 300,000 of these shares were sold to several investors today. We believe that the remaining shares are being held by former Spider shareholders as long-term investments," said Ronald W. Tarrant, president and chief executive officer. "We are encouraged that the market supported the completion of this transaction."
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