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Article: Prime Retail Clarifies `Ex' Dividend Date Pending Consummation Of Proposed Merger with Horizon Group
- Article from:
- PR Newswire
- Article date:
- June 8, 1998
CopyrightCOPYRIGHT 1998 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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BALTIMORE, June 8 /PRNewswire/ -- As previously announced, the Board of Directors of Prime Retail, Inc. (NYSE: PRT, PRT.PRA, PRT.PRB) has approved the payment of certain special cash distributions to be made in connection with Prime Retail's proposed merger with Horizon Group, Inc. (NYSE: HGI). Subject to completion of the merger, a special cash distribution of $0.50 per share will be made to holders of Prime Retail's Common Stock and a special cash distribution of $0.60 per share will be made to holders of Prime Retail's Series B Preferred Stock. The record date for determining shareholders entitled to participate in these special cash distributions is June 9, 1998. ...