|
|
Article: PS Group completes holding company reorganization; PS Group Holdings is now new publicly owned holding company for PS Group, with same NYSE Symbol (PSG); all shares are now subject to transfer restrictions to help preserve substantial tax benefits.
- Article from:
- Business Wire
- Article date:
- June 5, 1996
CopyrightCOPYRIGHT 1996 Business Wire. 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)
|
SAN DIEGO--(BUSINESS WIRE)--June 5, 1996--PS Group, Inc. and PS Group Holdings, Inc. reported today that they have completed the holding company reorganization that was first publicly proposed on Feb. 9, 1996. The reorganization was approved at the 1996 Annual Meeting of Stockholders of PS Group on June 5, 1996.
The common stock of PS Group Holdings is listed on the New York and Pacific Stock Exchanges under the symbol "PSG." This was the same symbol that was previously assigned to the common stock of PS Group.
As a result of the reorganization, each share of PS Group has been converted on a tax-free basis into one share of PS Group Holdings. Outstanding ...