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Article: VL Dissolution Corporation Announces Payment Date for Initial Distribution.
- Article from:
- PR Newswire
- Article date:
- October 24, 2003
CopyrightCOPYRIGHT 2003 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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VL Dissolution Corporation (BULLETIN BOARD: VLDSE) today announced that the payment date of the initial distribution to its shareholders out of the proceeds of the sale of substantially all of its assets to Sirenza Microdevices, Inc. has been set for October 31, 2003.
VL Dissolution will distribute to each shareholder of record as of October 6, 2003 0.15 shares of Sirenza's common stock for each share of VL Dissolution common stock held as of such record date. If the distribution rate of Sirenza stock would result in the issuance of a fractional share, the company will issue in lieu of such fractional share a check in an amount equal to the product of such ...