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Article: American-Standard program to maximize shareholder value. (Includes list of board of directors' names and addresses and shares of common stock owned)
- Article from:
- PR Newswire
- Article date:
- March 8, 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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AMERICAN-STANDARD PROGRAM TO MAXIMIZE SHAREHOLDER VALUE
NEW YORK, March 8 /PRNewswire/ -- American Standard Inc. (NYSE: AST) today announced that its board has instructed management to continue to develop the company's previously announced recapitalization plan and also to pursue other alternatives to maximize stockholder value, including a sale of the company.
In connection with this effort, American-Standard expects to provide confidential information to, and to engage in discussion and negotiations with, Black & Decker and other potential purchasers of the company.
AMERICAN STANDARD INC. BOARD OF DIRECTORS
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