GIANT GROUP 3-FOR-2 STOCK SPLIT EFFECTIVE
GIANT GROUP 3-FOR-2 STOCK SPLIT EFFECTIVE BEVERLY HILLS, Calif., Nov. 10 /PRNewswire/ -- GIANT GROUP LTD.
(NYSE: GPO) announced that today, Nov. 10, 1992, is the record date for a previously reported 3-for-2 stock split in the form of a 50 percent stock dividend. The stock split was subject to shareholder approval of an increase in the authorized shares of common stock, which approval was obtained at a special meeting held on Nov. 9. The payment date will be Nov. 24, 1992. Cash will be paid in lieu of issuing fractional shares, valued as adjusted to reflect the stock split.
GIANT GROUP LTD. owns 40 percent of Rally's Inc. (NASDAQ: RLLY). Rally's is the nation's largest double drive-thru hamburger chain and operates or franchises 427 restaurants in 25 states. GIANT also owns Keystone Cement Co. and Giant Cement Co, which manufacture and sell cement products in southeastern, northeastern and middle atlantic regions of the United States. GIANT is a pioneer in the Resource Recovery burning of waste materials. -0- 11/10/92 R /CONTACT: Burt Sugarman, chairman and CEO of GIANT GROUP, 310-273-5678/ (GPO RLLY) CO: GIANT GROUP LTD. ST: California IN: LEI SU:
EH-JN -- LA013 -- 9450 11/10/92 16:44 EST
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|Date:||Nov 10, 1992|
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