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Article: FCB adopts new stockholder rights plan; regular quarterly dividend declared. (Foote, Cone and Belding Communications Inc.)
- Article from:
- PR Newswire
- Article date:
- November 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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FCB ADOPTS NEW STOCKHOLDER RIGHTS PLAN
REGULAR QUARTERLY DIVIDEND DECLARED
NEW YORK, Nov. 16 /PRNewswire/ -- Foote, Cone & Belding Communications, Inc. (NYSE: FCB) announced today that its board of directors, at a regularly scheduled meeting, adopted a new Stockholder Rights Plan and, in a related action, authorized the redemption of the company's existing rights, which were distributed in March 1986.
The board also declared a regular quarterly dividend of $.30 per share, payable on Jan. 3, 1989, to stockholders of record at the close of business on Nov. 28, 1988.
According to Norman W. Brown, FCB chairman/CEO, ...