Alex. Brown declares quarterly dividend.BALTIMORE--(BUSINESS WIRE)--July 22, 1997--The board of directors of Alex. Brown Inc. declared a quarterly cash dividend of 17 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , to be paid on Aug. 12, 1997 to stockholders of record on Aug. 1, 1997. On April 6, 1997, Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Corp. and Alex. Brown Inc. announced the signing of a definitive agreement to merge. The combined company will have strong capabilities in every aspect of financing and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and will be a premier global provider of these services to growing companies and those in rapidly changing industries. The merger, which is expected to be completed by the fourth quarter of 1997, is subject to closing conditions, including certain regulatory and shareholder approvals. A Special Meeting of Stockholders of Alex. Brown Inc. is scheduled to be held at the company's headquarters in Baltimore, Md. on Wednesday, Aug. 13, 1997 at 4:30 p.m. for stockholders of record on the close of business on July 2, 1997. This meeting is to consider a proposal to approve and adopt the agreement and plan of merger by and between Alex. Brown Inc., Bankers Trust New York Corp. and its wholly-owned subsidiary, Voyager Merger Corp. Alex. Brown is a holding company whose principal subsidiary is Alex. Brown & Sons Inc., the oldest investment banking firm in the United States. The common stock of Alex. Brown is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "AB." Alex. Brown's senior notes are traded on the New York Stock Exchange under the symbol "AB 05." CONTACT: Alex. Brown Inc., Baltimore Beverly L. Wright, CFO See Chief Financial Officer. , 410/895-4260 Internet: bwright@alexbrown.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion