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Article: VL Dissolution Corporation Announces Final Distribution.
- Article from:
- PR Newswire
- Article date:
- June 14, 2004
CopyrightCOPYRIGHT 2004 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 (Pink Sheets: VLDS) today announced that VL Dissolution's board of directors has authorized the final distribution to its shareholders out of the proceeds of the sale of substantially all of its assets to Sirenza Microdevices, Inc. .
VL Dissolution plans to distribute to each shareholder of record as of June 18, 2004 0.137072 shares of Sirenza's common stock and $0.159 cash 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 ...