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Article: International Brands, Inc. Declares a Stock Price Appreciation Right Dividend.
- Article from:
- Business Wire
- Article date:
- September 26, 1997
CopyrightCOPYRIGHT 1997 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)
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SAN DIEGO--(BUSINESS WIRE)--Sept. 26, 1997--International Brands, Inc., is the new name of Stella Bella Corporation USA (OTCBB Symbol "AMSB").
The announcement was made after a Special Meeting of the Board of Directors by International Brands, Inc., Director and President, Robert W. Marsik.
As part of this name change action the Board also declared a dividend of one "Stock Price Appreciation Right," payable to common stockholder as of record, at the close of business, October 24, 1997.
On September 25, 1997, the Company's closing Bid price was $18. The "Stock Price Appreciation Right," guarantees to the stockholder that if the Common ...