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Article: Class B Common Stock Converted Into Common Stock.
- Article from:
- PR Newswire
- Article date:
- January 16, 2007
CopyrightCOPYRIGHT 2007 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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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 ...