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Article: Insiders of Dixon Ticonderoga Acquire an Additional 10.4% of Company Shares.
- Article from:
- PR Newswire
- Article date:
- August 11, 2000
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HEATHROW, Fla., Aug. 11 /PRNewswire/ --
Dixon Ticonderoga Company (Amex: DXT) today announced that members of its Board of Directors, including Gino N. Pala, its Chairman, had acquired a total of 329,100 shares (or 10.4% of total outstanding shares) in a private transaction with two large shareholders. Hollybank Investments, LP and Thistle Investment, LLC, sold a combined 558,100 shares, the majority of which was acquired by the directors, which also included Dixon Ticonderoga's President, Chief Financial Officer and five other members of the company's Board of Directors.
"Despite the company's recent difficulties with its lenders, our management and ...