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Article: Bankers Trust New York Corporation declares dividend, distribution of preferred share purchase rights.
- Article from:
- PR Newswire
- Article date:
- February 16, 1988
CopyrightCOPYRIGHT 1988 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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BANKERS TRUST NEW YORK CORPORATION DECLARES DIVIDEND
DISTRIBUTION OF PREFERRED SHARE PURCHASE RIGHTS
NEW YORK, Feb. 16 /PRNewswire/ -- The board of directors of Bankers Trust New York Corporation (NYSE: BT) today declared a dividend distribution of one preferred share purchase right on each outstanding share of Bankers Trust New York Corporation's common stock.
The rights are designed to assure that all of Bankers Trust New York Corporation's stockholders receive fair and equal treatment in the event of any proposed takeover of the company and to guard against partial tender offers, squeeze-outs and other abusive tactics to gain ...