Central Newspapers to Purchase Additional 1.5 Shares of Its Stock From Nina Mason Pulliam Charitable Trust.PHOENIX--(BUSINESS WIRE)--Nov. 13, 1998--Central Newspapers, Inc. announced that its board of directors has approved the company's exercise of its option to purchase 1.5 million shares of its Class A common stock or equivalents held by the Nina Mason Pulliam Charitable Trust The arrangement by which real or Personal Property given by one person is held by another to be used for the benefit of a class of persons or the general public. at $67 per share. The transaction, which is subject to the completion of financing agreements Financing Agreements In the context of project financing, the documents which provide the project financing and sponsor support for the project as defined in the project contracts. , is expected to close within 30 days. After completion of the transaction, Central Newspapers will have approximately 21 million Class A and equivalent common shares outstanding on a fully diluted basis. Central Newspapers is a media and information company involved primarily in newspaper publishing and related businesses. Its largest operations include The Arizona Republic and The Indianapolis Star & News. Central Newspapers' stock 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 ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors ECP (Enhanced Capabilities Port) See IEEE 1284. 1. ECP - Engineering Change Proposal. 2. ECP - Enhanced Capabilities Port. 3. ECP - Extended Capabilities Port. 4. ECP - Extended Concurrent Prolog. . Except for historical information, this news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. These risks and uncertainties include, but are not limited to, economic weakness in the company's geographic markets; weakness in retail and/or classified advertising; declines in circulation; fluctuations in the price of newsprint; increases in distribution and production costs over anticipated levels; the negative impact of labor agreement issues, and the emergence of new competitors. |
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