Printer Friendly

DOUGLAS & LOMASON BOARD DECLARES 3-FOR-2 STOCK SPLIT

 DOUGLAS & LOMASON BOARD DECLARES 3-FOR-2 STOCK SPLIT
 FARMINGTON HILLS, Mich., Feb. 27 /PRNewswire/ -- The board of


directors of Douglas & Lomason Company (NASDAQ-NMS: DOUG) today declared a 3-for-2 stock split in the form of a 50-percent stock dividend on the common stock of the company, distributable on April 2, 1992, to shareholders of record at the close of business on March 16, 1992.
 Shareholders entitled to a fractional share by reason of the stock split shall be paid cash for the value of the fractional share in an amount equal to one half of the closing price of the common stock on the NASDAQ National Market on March 16.
 Douglas & Lomason Company (D&L) is a major supplier to the automotive industry of seating systems, components and mechanisms, and decorative and functional trim. Industrial divisions manufacture pulleys, bagging and packaging equipment; refrigerated and non- refrigerated truck bodies and trailers; and a commercial grade cleaning compound. D&L is headquartered in Farmington Hills. Founded in 1902, the company is celebrating its 90th anniversary this year.
 -0- 2/27/92
 /CONTACT: Patricia L. Shelton of Douglas & Lomason Company, 313-442-4203/
 (DOUG) CO: Douglas & Lomason Company ST: Michigan IN: AUT SU:


JG -- DE013 -- 3167 02/27/92 10:26 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:Feb 27, 1992
Words:205
Previous Article:SPRINT HOSPITALITY GROUP SIGNS RED ROOF INNS
Next Article:LYNN C. MYERS APPOINTED PONTIAC DIVISION GENERAL MARKETING MANAGER
Topics:


Related Articles
DOUGLAS & LOMASON DECLARES SPECIAL DIVIDEND
DOUGLAS & LOMASON REPORTS FIRST-QUARTER, 1992, RESULTS
DOUGLAS & LOMASON RESUMES REGULAR QUARTERLY DIVIDEND
DOUGLAS & LOMASON DECLARES QUARTERLY DIVIDEND
DOUGLAS & LOMASON DECLARES QUARTERLY DIVIDEND
DOUGLAS & LOMASON COMPANY EARNS FULL SERVICE SUPPLIER AWARD
BESTOP INC. AND DOUGLAS & LOMASON CO. ENTER INTO AGREEMENT FOR TENDER OFFER AND MERGER
DOUGLAS & LOMASON COMPANY ANNOUNCES ACQUISITION OF BESTOP, INC., A WORLDWIDE SUPPLIER OF CONVERTIBLE TOPS AND ACCESSORIES
DOUGLAS & LOMASON COMPANY COMPLETES TENDER OFFER FOR BESTOP, INC.
DOUGLAS & LOMASON CHAIRMAN CITES PLANS FOR GLOBAL STRATEGIC PARTNERING; COMPANY IS OPTIMISTIC FOR 1996

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