GENICOM CORPORATION ADOPTS SHAREHOLDER RIGHTS PLAN.CHANTILLY, Va.--(BUSINESS WIRE)--June 25, 1996--GENICOM Corporation's Board of Directors has announced the adoption of a Shareholders Rights Plan having a 17% share acquisition trigger. The Rights Plan will be executed in the form of a rights dividend with a record date of July 5, 1996. The plan is intended to protect the interests of shareholders in the event the corporation is the subject of coercive co·er·cive adj. Characterized by or inclined to coercion. co·er  cive·ly adv. or unfair takeover tactics. The Company will mail details about the plan to shareholders in the near future. GENICOM Corporation (Nasdaq:GECM GECM Gilbert-Elliott Channel Model ) is an international supplier of multivendor services, network management and printer solutions. The Document Solutions Group designs and markets a wide range of computer printer technologies for general purpose applications. The Enterprise Service Solutions Group provides logo and multivendor product field support and depot repair, express parts and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. as well as integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. system solutions, including a broad portfolio of hardware and software products, technology consulting and diagnostic and monitoring services The general surveillance of known air traffic movements by reference to a radar scope presentation or other means, for the purpose of passing advisory information concerning conflicting traffic or providing navigational assistance. . GENICOM is headquartered within metropolitan Washington, D.C. CONTACT: GENICOM Corporation Paul T. Winn, James C. Gale, 703/802-9200 or Morgen-Walke Associates Jeff Luth / Michael Lendener Press: Lee Foley / Gina Gardner, 212/850-5600 |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion