Marlton Shareholders Approve Reverse Stock Split.PHILADELPHIA Philadelphia, ancient cities Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C. -- Marlton Marlton can refer to several things:
As of the close of business on Tuesday, December 20, 2005, shareholders owning less than 5,000 pre-split shares will be paid $1.25 in cash in exchange for their shares. Shareholders owning more than 5,000 pre-split shares will remain as shareholders of Marlton after the reverse stock split, but will receive $1.25 in cash in exchange for any pre-split shares that would otherwise become fractional shares Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. as a result of the reverse stock split. The Company will send all of its pre-split shareholders instructions regarding the method of exchanging their old stock certificates for cash and/or new stock certificates. Shareholders should not do anything with their stock certificates until they receive instructions. The post-split Common Stock will be traded on the OTC market Noun 1. OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange over-the-counter market . Marlton Technologies, Inc., through its Sparks Sparks, city (1990 pop. 53,367), Washoe co., W Nev., just E of Reno; inc. 1905. The Southern Pacific RR was the major employer until the dieselization of railroad engines forced the closing (1957) of the railroad shops there. Exhibits & Environments and Sparks Custom Retail subsidiaries, is engaged in the design, marketing and production of trade show, museum, theme park and themed interior exhibits, store fixtures, premium incentive plans, corporate events, and point of purchase displays, both domestically and internationally. |
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