Calico Commerce, Inc. Announces Initial Cash Liquidating Dividend.Business Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Dec. 2, 2003 Calico Commerce, Inc., announced today that on December 10, 2003 the Company will make its initial liquidating dividend Liquidating Dividend Payment by a firm to its owners from capital rather than from earnings. Notes: This isn't really a good thing. It would be preferable to have dividends come from earnings. to stockholders of record on August 26, 2003. The liquidating dividend is being made pursuant to the terms of, and in accordance with, the joint Plan of Reorganization filed by Calico and its Official Committee of Equity Security Holders, and approved by order of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the Northern District of California, San Jose Division, Case No. 01-56101-MSJ, entered on August 14, 2003, confirming the First Amended Joint Plan of Reorganization (Dated June 30, 2003) (the "Plan") filed by Calico Commerce, Inc. and the Official Committee of Equity Security Holders appointed in the case. The Company's stockholders of record at the close of business on August 26, 2003 will receive $0.46 per share for each share of the Company's common stock that they own on that date. The Company's transfer agent, American Stock Transfer & Trust Company, will be the distribution agent for purposes of distributing this dividend. Further distributions, if any, will be made after all disputed, contingent claims have been resolved. After final distribution of all remaining assets to creditors and equity holders in one or more distributions, and after entry of the final decree final decree n. another name for a final judgment. In states where there are interlocutory decrees of divorce (in the hope that a further wait may lead to reconciliation), followed several months later by the actual divorce, the second order is called a final decree, in the bankruptcy case, the Company expects to dissolve. |
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