DAEDALUS ENTERPRISES ANNOUNCES REDEMPTION OF SHARES
DAEDALUS ENTERPRISES ANNOUNCES REDEMPTION OF SHARES ANN ARBOR, Mich., Jan. 20 /PRNewswire/ -- Daedalus Enterprises, Inc.
(NASDAQ: DDEI) announced today the redemption of 72,930 shares of common stock held by a principal stockholder of the company at a negotiated price of $3 per share. The redemption occurred on Jan. 17, 1992, and was a single isolated transaction. The 72,930 shares represented approximately 12.84 percent of the outstanding common stock of the company prior to the redemption.
Daedalus Enterprises, Inc. is a leading developer and manufacturer of remote sensing instruments used for environmental measurements and monitoring. The company's stock is traded in the over-the-counter market under the symbol "DDEI." -0- 1/20/92 /CONTACT: Vincent J. Killewald, vice president-finance, or Thomas R. Ory, president, both of Daedalus Enterprises, Inc., 313-769-5649/ (DDEI) CO: Daedalus Enterprises, Inc. ST: Michigan IN: SU:
JG -- DE012 -- 1516 01/20/92 16:19 EST
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|Date:||Jan 20, 1992|
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