3D Systems Corporation Terminates Stockholder Rights Plan.Business Editors VALENCIA, Calif.--(BUSINESS WIRE)--March 4, 2004 3D Systems Corporation (Nasdaq: TDSC TDSC Thai Development Support Committee TDSC Time Domain Signal Coding TDSC Test Driver System - Charlie TDSC Time-Domain Spreading Code ) announced today that its Board of Directors has amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. its stockholder rights plan adopted in 1995 by accelerating the final expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of the purchase rights issued under the plan. Under the terms of the amendment, the purchase rights expired at the close of business on March 3, 2004, rather than on December 3, 2005, as initially provided under the rights plan. The Company also announced that the rights plan terminated on March 3, 2004, upon the expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created of the purchase rights, thereby eliminating the plan altogether. "While the Company's rights plan, which is sometimes called a `poison pill A defensive strategy based on issuing special stock that is used to deter aggressors in corporate takeover attempts. The poison pill is a defensive strategy used against corporate takeovers. ,' was scheduled to expire late next year, we concluded that it no longer met the Company's needs or those of its stockholders," said Abe Reichental, 3D Systems' Chief Executive Officer. "We are continuing to work to deliver improved performance to our customers and our stockholders." About 3D Systems Founded in 1986, 3D Systems(R), the solid imaging company(SM), provides solid imaging products and systems solutions that reduce the time and cost of designing products and facilitate direct and indirect manufacturing. Its systems utilize patented proprietary technologies to create physical objects from digital input that can be used in design communication, prototyping, and as functional end-use parts. More information on the company is available at www.3dsystems.com, or by phoning 888-337-9786, ext. 2882 (or 661-295-5600, ext. 2882 from outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ), or via email at moreinfo@3dsystems.com. |
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