Carleton Announces Reverse Stock Split.EDEN PRAIRIE Eden Prairie A city of eastern Minnesota, a residential suburb of Minneapolis. Population: 57,300. , Minn.--(BUSINESS WIRE)--Sept. 11, 1998--Carleton (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 :CARL) announced today that its board of directors has approved a one-for-five reverse stock split of its outstanding common stock, applicable to shareholders of record at the close of trading on September 15, 1998. The reverse split was undertaken to remain in compliance with NASDAQ's requirements for listing on the National Market. After the reverse split, Carleton Corporation will have approximately 3.34 million shares of common stock outstanding. Registered shareholders as of the close of trading on September 15, 1998 will receive written notice regarding the procedure for exchanging their stock certificates. The Company also noted that for 20 trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. after the split, the Company's shares will trade under the symbol "CARLD." On October 14, 1998, the symbol will revert to "CARL." About Carleton Carleton provides rapid data integration solutions for business critical applications, such as data warehousing See data warehouse. data warehousing - data warehouse and application conversions. The Company markets its products and services to Fortune 1000 clients in industries such as financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , insurance, health care and manufacturing. Headquartered in Eden Prairie, Minnesota The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. , Carleton distributes its technology and consulting services through direct sales and channel partners worldwide. For more information, call 800-328-3998, send e-mail to info@carleton.com, or visit Carleton's Web site at http://www.carleton.com. All brand and product names are trademarks or registered trademarks of Carleton Corporation. CONTACT: Carleton Don McIlwain, 612/828-0311 (Investors) don.mcilwain@carleton.com or Sterling Hager, Inc. Robert Collins, 617/926-6665, ext. 234 bob@sterlinghager.com |
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