Printer Friendly

ATHLONE PURCHASES WARRANT

 ATHLONE PURCHASES WARRANT
 PARSIPPANY, N.J., Nov. 15 /PRNewswire/ -- Athlone Industries, Inc.


(NYSE: ATH) announced today that it has purchased a warrant held by an insurance company to buy 412,472 shares of Athlone's common stock. This will reduce the total number of shares of Athlone's outstanding common stock and common stock equivalents. Athlone has 6,005,152 shares of common stock outstanding.
 Earlier this year, the company retired its high yield preferred stock and debentures in the approximate amount of $5 million which were subject to sinking fund or mandatory redemption provisions.
 These transactions will enhance the future value of the company's common stock.
 -0- 11/15/91
 /CONTACT: Gary Cademartori, treasurer of Athlone, 201-887-9100 or 212-425-6550/
 (ATH) CO: Athlone Industries Inc. ST: New York IN: CST SU: TS-FC -- NY049 -- 1537 11/15/91 12:17 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 15, 1991
Words:138
Previous Article:QUESTECH, INC., REPORTS EARNINGS
Next Article:CONTINENTAL MORTGAGE AND EQUITY TRUST REPORTS THIRD QUARTER RESULTS
Topics:


Related Articles
ELAN ANNOUNCES WARRANT DIVIDEND
ELAN STOCK SPLIT EFFECTIVE TOMORROW
ELAN STOCK SPLIT EFFECTIVE TOMORROW
ELAN FILES TO REGISTER WARRANT SHARES
ELAN UNITS WILL SEPARATE NOV. 16, 1992
ELAN/ATS RIGHTS OFFERING OVERSUBSCRIBED
ELAN CORPORATION AND DURA PHARMACEUTICALS ANNOUNCE SIGNING OF DEFINITIVE STOCK PURCHASE AGREEMENT
ELAN ANNOUNCES WARRANT EXPIRATION
ELAN ANNOUNCES WARRANT EXPIRATION

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters