Acacia Research Declares Two-for-One Stock Split.PASADENA, Calif.--(BUSINESS WIRE)--March 17, 1998--Acacia Research Corp. (Nasdaq/NNM:ACRI) Tuesday announced that its board of directors declared a two-for-one split of the company's common stock subject to approval by shareholders of an amendment of the company's Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. to increase the number of authorized common shares. The split will be effected through a dividend of one share of common stock for each common share outstanding. The proposed amendment will be voted on by shareholders of record as of April 6, 1998 at Acacia Research's annual shareholders meeting on May 19, 1998. If approved, the company will distribute the stock dividend on or about June 12, 1998, for each share held of record at the close of business on May 29, 1998. Acacia Research is a diversified capital management company with interests in several enterprises: CombiMatrix Corp. (drug discovery technology), Greenwich Information Technologies LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (video and audio-on-demand technology), MerkWerks Corp. (software development), Soundview Technologies Inc. (V-chip technology), Whitewing Labs Inc. (direct marketer of nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. ), and the company's investment advisory business (managing four private investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company ). -0- www.primenet.com/(tilde A symbol used in Windows, starting with Windows 95, that maintains a short version of a long file or directory name for compatibility with Windows 3.1 and DOS. For example, the short version of a file named "Letter to Joe" would be LETTER~1. Then "Letter to Pat" becomes LETTER~2. )acacia/ CONTACT: Acacia Research Corp., Pasadena Kathryn King-Van Wie, 626/449-6431 |
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