Aerovox announces cost-free selling program for owners of fewer than 100 shares of company common stock.NORTH DARTMOUTH, Mass.--(BUSINESS WIRE)--May 1, 1995--Aerovox Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ARVX) announced today a cost-free selling program to shareholders who own fewer than 100 shares of its common stock. The offer applies to qualifying shareholders of record on March 14, 1995, and is scheduled to expire on June 15, 1995, at 5:00 p.m. Eastern Time. Shares submitted by participating shareholders will be gathered in round lots and sold in the over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. within the week the shares are accepted in good order by American Stock Transfer & Trust Co., the depository. There will be no brokerage commission or any other selling charges to those shareholders who choose to participate in the program. Aerovox is the leading manufacturer of wound capacitors in North America. Aerovox products include AC, DC film, power and aluminum electrolytic e·lec·tro·lyt·ic adj. 1. Of or relating to electrolysis. 2. Produced by electrolysis. 3. Of or relating to electrolytes. e·lec capacitors, low voltage power factor correction Power factor correction (PFC) is a technique of counteracting the undesirable effects of electric loads that create a power factor that is less than 1. Power factor correction may be applied either by an electrical power transmission utility to improve the stability and efficiency capacitors, as well as EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. filters. Capacitors are basic electrical components that store and regulate the frequency, timing and condition of electrical signals. CONTACT: Aerovox Inc. Mary Mandeville, 508/995-8000 x1653 |
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