Article: Class B Common Stock Converted Into Common Stock.

Bandag, Inc. (NYSE: BDG and BDGA)

MUSCATINE, Iowa, Jan. 16 /PRNewswire-FirstCall/ -- Bandag, Incorporated today reported that pursuant to the terms of its charter, each share of its outstanding Class B Common Stock was on January 16, 2007 automatically converted into one share of Common Stock. Each stock certificate that formerly represented issued and outstanding shares of Class B Common Stock is now deemed to represent the same number of shares of Common Stock. Shareholders do not need to exchange share certificates as a result of the conversion. Class B shareholders of record at the close of business on December 22, 2006 will receive the quarterly ...

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