Colgate Palmolive Announcement.NEW YORK--(BUSINESS WIRE)--Oct. 22, 1998--The Board of Directors of Colgate-Palmolive The Colgate-Palmolive Company (NYSE: CL) is a U.S. diversified multinational corporation focused on the production, distribution and provision of household, health care and personal products, such as soaps, detergents, and oral hygiene products (including toothpaste and Company (NYSE NYSE See: New York Stock Exchange :CL) today renewed and updated the shareholder protections of its rights plan expiring ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. on October 26, 1998, through the adoption of a revised Shareholder Rights Plan. Similar in purpose to the existing plan, Rights to purchase preference stock become exercisable under the plan if a person or group acquires 15% or more of the Company's common stock. Scheduled to expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on October 24, 2008, the plan adopted today specifies an initial exercise price of $440 per Right. Rights under the new plan will become effective on October 23, 1998. Colgate-Palmolive is a leading global consumer products company tightly focused on Oral Care, Personal Care, Household Care, Fabric Care and Pet Nutrition. Colgate sells its quality products in 215 countries and territories under such well-recognized brand names as Colgate, Palmolive, Speed Stick by Mennen, Softsoap, Kolynos, Ajax, Soupline, Suavitel and Fab, as well as Hill's Science Diet and Hill's Prescription Diet pet foods. The full text of Colgate releases is available: Internet Address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. : http://www.colgate.com Shareholder Direct: 1-800-850-2654 |
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