Allstate Announces Program for Odd-Lot Shareholders.Business Editors NORTHBROOK Northbrook, village (1990 pop. 32,308), Cook co., NE Ill., a suburb of Chicago; settled 1836. It was incorporated as Shermerville in 1901 and was reincorporated as Northbrook in 1923. , Ill.--(BUSINESS WIRE)--Dec. 1, 2003 The Allstate Corporation (NYSE NYSE See: New York Stock Exchange : ALL) announced today a program for odd-lot shareholders. This program will provide Allstate shareholders who own less than 50 shares of common stock as of Nov. 17, 2003 with a convenient and inexpensive opportunity to purchase enough additional stock to reach 100 shares or to sell all of their shares. Many Allstate shareholders owning fewer than 50 shares received their shares as a result of the spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. from Sears, Roebuck and Co. in 1995 or the acquisition of American Heritage American Heritage can refer to:
The program, administered by Georgeson Shareholder Communications Inc. of 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 , is voluntary and expires Dec. 31, 2003, unless extended by Allstate. In order to buy or sell shares of Allstate common stock, current participants with less than 50 shares will pay a fee of $3.00 per share up to a maximum of $30.00. Participants will pay or receive a price per share equal to the actual weighted average price for the program period. Program materials will be mailed today to eligible shareholders. Questions on this program should be directed to Mr. Brian Permenter of Georgeson Shareholder Communications at (212) 805-7000. The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. . Widely known through the "You're In Good Hands With Allstate(R)" slogan A slogan is a memorable motto or phrase used in a political, commercial, religious and other context as a repetitive expression of an idea or purpose. Slogans vary from the written and the visual to the chanted and the vulgar. , Allstate provides insurance products to more than 16 million households and has approximately 12,300 exclusive agents and financial specialists in the U.S. and Canada. Customers can access Allstate products and services through Allstate agents, or in select states at allstate.com and 1-800 Allstate(R). Encompass ENCOMPASS Enhanced Consequence Management Planning and Support System (DARPA) (SM) and Deerbrook(R) Insurance brand property and casualty products are sold exclusively through independent agents. Allstate Financial Group includes the businesses that provide life and supplemental insurance, retirement, banking and investment products through distribution channels that include Allstate agents, independent agents, financial institutions and broker-dealers. |
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