Printer Friendly

BALLY MANUFACTURING CORPORATION ANNOUNCES DIVIDEND PAYMENT ON SERIES D CONVERTIBLE EXCHANGEABLE PREFERRED STOCK

 CHICAGO, Oct. 4 /PRNewswire/ -- Bally Manufacturing Corporation (NYSE: BLY) today announced that its board of directors has declared a dividend of $1.00 per share to holders of its Series D Convertible Exchangeable Preferred Stock payable Nov. 1, 1993, to the holders of record as of the close of business on Oct. 15, 1993. The dividend will be paid in shares of Bally's common stock in lieu of cash.
 The number of shares paid will be based on the average of the daily mean of the high and low reported sale price per share of the common stock for each of the 15 consecutive trading days (as reported on the New York Stock Exchange Composite Transactions Tape) immediately preceding Oct. 29, 1993.
 Bally Manufacturing Corporation is one of the world's foremost operators of casino hotel resorts and fitness centers.
 -0- 10/4/93
 /CONTACT: Laurie Terry or Michael W. Kempner of MWW/Strategic Communications, 201-342-9500/
 (BLY)


CO: Bally Manufacturing Corporation ST: Illinois IN: CNO LEI SU: DIV

GK -- NY094 -- 8497 10/04/93 15:58 EDT
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:Oct 4, 1993
Words:176
Previous Article:ENVIRODYNE INDUSTRIES, INC. ANNOUNCES OUTCOME OF VOTING ON CHAPTER 11 PLAN OF REORGANIZATION
Next Article:ELDEN A. HALE JR. APPOINTED TO SENIOR TIMES COMPANY TELEVISION POST
Topics:

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