Printer Friendly

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
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 20, 1992
Words:149
Previous Article:MAGMA POWER BOARD OF DIRECTORS NAMES NEW PRESIDENT, CEO AND CHAIRMAN
Next Article:FIRST AUSTRALIA PRIME INCOME FUND ANNOUNCES DIVIDEND
Topics:


Related Articles
DAEDALUS ANNOUNCES FIRST-QUARTER RESULTS
DAEDALUS ANNOUNCES DIVIDEND
DAEDALUS ANNOUNCES INCREASED SEMI-ANNUAL DIVIDEND
DAEDALUS ANNOUNCES THIRD-QUARTER RESULTS
DAEDALUS ANNOUNCES YEAR END RESULTS AND SEMI-ANNUAL DIVIDEND
DAEDALUS ANNOUNCES THIRD QUARTER RESULTS AND RECEIPT OF STANDARD PRODUCT CONTRACT
DAEDALUS ANNOUNCES SECOND QUARTER RESULTS
DAEDALUS ANNOUNCES THIRD QUARTER RESULTS
Daedalus Announces Year-End Results
Daedalus Announces Year-End Results

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