MEAD IMPLEMENTS ODD LOT SHARE PROGRAM
MEAD IMPLEMENTS ODD LOT SHARE PROGRAM DAYTON, Ohio, Nov. 6 /PRNewswire/ -- Mead Corporation
(NYSE: MEA) announced it has established a program through which share owners who own less than 100 shares of stock will be able to sell their shares without paying a brokerage commission. As an alternative, share owners will be offered the opportunity to purchase stock to increase their holdings to 100 shares, also without a commission.
The program, which is voluntary, will be managed for Mead by Shareholder Communications Corporation. The program will be made available to share owners of record as of Nov. 5, 1991, and will expire Dec. 18, 1991, unless extended by Mead. All transactions will be made at open market prices, and no shares will be purchased or sold by Mead Corporation. As of Nov. 5, 1991, Mead had outstanding approximately 58.6 million common shares and approximately 322,000 shares are eligible to be sold under the commission free program. Shareholder Communications Corporation is distributing materials to all eligible Mead share owners describing how the program works. -0- 11/6/91 /CONTACT: Sharon Williamson of The Mead Corporation, 513-495-3535/ (MEA) CO: The Mead Corporation ST: Ohio IN: PAP SU: SM -- CL017 -- 1839 11/06/91 15:40 EST
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|Date:||Nov 6, 1991|
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