Printer Friendly

DRS INDUSTRIES ACCELERATES UNIT SEPARATION

 NEW YORK, Feb. 2 /PRNewswire/ -- DRS Industries, Inc. (NASDAQ: DRSS) today announced that the separation of the company's units (NASDAQ: DRSSU) into their component parts (two shares of common stock, one class C warrant and one class D warrant per unit) has been accelerated to the close of trading today.
 Effective tomorrow, the units will be delisted, and the class C warrants and class D warrants will be separately listed for trading (NASDAQ: DRSSW and DRSSZ, respectively). The common stock is quoted on the NASDAQ system under the symbol DRSS.
 DRSD Industries is a full service distributor of general merchandise to supermarkets and grocery stores in Texas, Oklahoma and Louisiana and also operates a chain of over 85 off-price retail apparel stores in California and four other western states.
 -0- 2/2/93
 /CONTACT: John A. Selzer of DRS Industries, 212-980-9670/
 (DRSS)


CO: DRS Industries, Inc. ST: New York IN: SU:

TS-WB -- NY111 -- 2103 02/02/93 17:28 EST
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:Feb 2, 1993
Words:160
Previous Article:RICHARD M. STAPLETON NAMED CHIEF OF EPA REGION TWO PUBLIC AFFAIRS BRANCH
Next Article:AMERICAN EXPRESS ISSUES STATEMENT ON S&P CREDITWATCH DECISION
Topics:


Related Articles
DRS REGISTRATION STATEMENT IS DECLARED EFFECTIVE
DRS INDUSTRIES REPORTS JUNE SALES AT FAMILY BARGAIN CENTER
DRS INDUSTRIES JULY SALES
DRS INDUSTRIES, INC. ANNOUNCES FILING OF FORM 10-K ANNUAL REPORT
DRS INDUSTRIES, INC. ANNOUNCES AUGUST SALES
DRS INDUSTRIES ANNOUNCE SEPTEMBER SALES AT FAMILY BARGAIN CENTER
DRS INDUSTRIES ANNOUNCES OCTOBER SALES AT FAMILY BARGAIN UNIT
DRS INDUSTRIES SIGNS LETTER OF INTENT FOR CONVERTIBLE PREFERRED STOCK OFFERING
DRS INDUSTRIES, INC. ANNOUNCES NOVEMBER SALES
DRS INDUSTRIES, INC. ANNOUNCES NOVEMBER SALES AT FAMILY BARGAIN CENTER

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