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Article: Memorial Drive Trust rejects Plenum proposed purchase of its Arthur D. Little Stock. (Plenum Publishing Corp.)
- Article from:
- PR Newswire
- Article date:
- July 30, 1987
CopyrightCOPYRIGHT 1987 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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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 ...