Correction: Noven Rights Plan Record Date Set for November 19, 2001.Business Editors MIAMI--(BUSINESS WIRE)--Nov. 7, 2001 Noven Pharmaceuticals, Inc. (Nasdaq:NOVN) today issued a correction to its November 6 press release announcing adoption of a Stockholder Rights Plan (the "Rights Plan"). The dividend distribution of one preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. purchase right for each outstanding share of Noven common stock will be payable to stockholders of record at the close of business on November 19, 2001, not November 16, 2001 as previously announced. Details of the Rights Plan will be outlined in a letter to be mailed to stockholders on or about the record date of November 19, 2001. Noven Pharmaceuticals, Inc., headquartered in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. , is a leader in the development of transdermal transdermal /trans·der·mal/ (-der´m'l) entering through the dermis, or skin, as in administration of a drug via ointment or patch. trans·der·mal adj. Through or by way of the skin. and transmucosal transmucosal /trans·mu·co·sal/ (trans?mu-ko´s'l) entering through, or across, a mucous membrane. transmucosal, drug delivery technologies and products. For additional information on Noven, visit http://www.noven.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion