Printer Friendly

VAN DORN, WYSER-PRATTE AND SPEAR, LEEDS JOINTLY ANNOUNCE FURTHER ADJOURNMENT OF VAN DORN'S SPECIAL SHAREHOLDERS' MEETING

 CLEVELAND, Jan. 27 /PRNewswire/ -- Van Dorn Company (NYSE: VDC), Guy P. Wyser-Pratte and Spear, Leeds & Kellogg announced that, in light of the agreement by Van Dorn to merge with a subsidiary of Crown Cork & Seal Company, Inc., they will readjourn the special meeting of Van Dorn's shareholders to the earlier of (i) the day after completion of the Crown merger and (ii) June 30, 1993.
 The special meeting was called as a result of demands by shareholders that were solicited by Wyser-Pratte with the support of Spear Leeds. The special meeting was originally scheduled to be held on Oct. 5, 1992, but was adjourned to Jan. 28, 1993 after Van Dorn announced the appointment of a Special Advisory Committee of Van Dorn's board of directors charged with the responsibility of reviewing all of the financial alternatives available to Van Dorn, including the possible sale of all or part of Van Dorn. The Crown merger was announced on Dec. 18, 1992.
 If the special meeting is held after the Crown merger occurs, the soliciting parties have agreed that Wyser-Pratte's proposals will be moot and that proxies for those proposals will not be voted.
 -0- 1/27/93
 /CONTACT: Thomas R. Miklich, executive vice president of Van Dorn Company, 216-447-8777/
 (VDC)


CO: Van Dorn Company ST: Ohio IN: SU:

KK -- CL015 -- 9645 01/27/93 12:10 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 27, 1993
Words:226
Previous Article:CP&L REPORTS 1992 EARNINGS EARNINGS, SALES, REVENUES INCREASE
Next Article:USAIR AND BOEING AGREE TO REVISED DELIVERY SCHEDULES


Related Articles
GUY P. WYSER-PRATTE OBTAINS SHAREHOLDER LIST
VAN DORN RECEIVES COMMUNICATION FROM WYSER-PRATTE
VAN DORN RECEIVES REQUEST FOR SPECIAL MEETING OF SHAREHOLDERS
VAN DORN ANNOUNCES RESULTS OF BOARD MEETING
VAN DORN ANNOUNCES RULING BY JUDGE ROCKER
VAN DORN ANNOUNCES RESULTS OF BOARD MEETING
VAN DORN ANNOUNCES THE SIGNING OF A MERGER AGREEMENT
VAN DORN ANNOUNCES RECEIPT OF WYSER-PRATTE LAWSUIT
VAN DORN ANNOUNCES RESULTS OF SPECIAL MEETING OF SHAREHOLDERS
VAN DORN ANNOUNCES COMPLETION OF MERGER WITH SUBSIDIARY OF CROWN CORK & SEAL COMPANY, INC.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters