Bush Industries declares 3-for-2 stock split.JAMESTOWN, N.Y.--(BUSINESS WIRE)--May 22, 1996--Bush Industries Inc. (NYSE NYSE See: New York Stock Exchange : BSH BSH Bosch und Siemens Hausgeräte GmbH (Germany) BSH Bausparkasse Schwaebisch Hall (German Building Society) BSH Bourne Shell BSH Bundesamt für Seeschiffahrt und Hydrographie ), a leading manufacturer of ready-to-assemble (RTA RTA renal tubular acidosis. RTA Renal tubular acidosis, see there ) and casegoods furniture, announced today that its board of directors declared a three-for-two stock split effectuated in the form of a 50 percent dividend payable on June 28, 1996 to stockholders of record as of June 14, 1996. The announcement was made by Paul Bush, chairman and president, at the annual meeting of stockholders in Jamestown, this morning. "This action was taken as part of our continuing program to enhance stockholder value and in recognition of the significant gains we have achieved in recent years," he continued. Bush concluded, "We remain focused on the growth of the company and are committed to strengthening our position in the RTA industry by continuing our efforts in the development of the next generation of innovative, high quality RTA furniture for all of our markets. This, coupled with our outstanding operating results, provide a basis for optimism for the entire fiscal year." In addition, the shareholders elected the proposed slate of directors for the next year and ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. the appointment of Deloitte & Touche LLP LLP - Lower Layer Protocol as auditors for 1996. CONTACT: Bush Industries, Inc. Don Hauck, 716/665-2000 or Porter, Le Vay & Rose, Inc. Hal Le Vay, 212/564-4700 |
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