Article: Memorial Drive Trust rejects Plenum proposed purchase of its Arthur D. Little Stock. (Plenum Publishing Corp.)

MEMORIAL DRIVE TRUST REJECTS PLENUM PROPOSED PURCHASE

OF ITS ARTHUR D. LITTLE STOCKRCHASE

CAMBRIDGE, Mass., July 30 /PRNewswire/ -- Arthur D. Little, Inc., reported today that it has been notified that the trustees of the Memorial Drive Trust have voted to reject the proposed purchase of the trust's Arthur D. Little stock by Plenum Publishing Corporation.

The Memorial Drive Trust, which is the Arthur D. Little employees' retirement fund, owns more than 70 percent of the company's stock. The trust informed Arthur D. Little management of its decision to retain its shares and authorized release of the text of their letter to ...

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