Article: DIXON TICONDEROGA DECLARES DISTRIBUTION OF PREFERRED STOCK PURCHASE RIGHTS TO COMMON STOCKHOLDERS

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 ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!