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Article: DIXON TICONDEROGA DECLARES DISTRIBUTION OF PREFERRED STOCK PURCHASE RIGHTS TO COMMON STOCKHOLDERS
- Article from:
- PR Newswire
- Article date:
- March 3, 1995
CopyrightCOPYRIGHT 1995 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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MAITLAND, Fla., March 3 /PRNewswire/ -- Dixon Ticonderoga Company (AMEX: DXT) announced today that its Board of Directors declared a dividend distribution of one Preferred Stock Purchase Right on each share of Dixon Ticonderoga Company common stock. Each Right will entitle the holder to buy one-thousandth of a share of a new series of preferred stock at a price of $30.00 per share. The Rights will be exercisable only if a person or group (other than Gino N. Pala and his family members) acquires 20% or more of the outstanding shares of common stock of the Company or announces a tender offer following which it would hold 30% or more of such outstanding common stock. The ...
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