Printer Friendly

NATURAL CHILD CARE SIGNS DEFINITIVE AGREEMENT

 ARMONK, N.Y., Aug. 25 /PRNewswire/ -- Natural Child Care, Inc. (NASDAQ: NACC, NACCW) today announced that it had signed the definitive agreement with the stockholders of Winners All Limited to issue to the Winners All stockholders a new series of the company's voting convertible preferred stock from authorized but unissued preferred stock in exchange for all of the shares of Winners All. This will permit the company to close the Winners All transaction without having to seek shareholder approval at this time of an amendment to its Charter to increase the authorized common stock as previously announced. Such approval will be presented for consideration along with the proposed company name change to Winners All International, Inc. at the company's regularly scheduled annual meeting of stockholders this fall. Upon closing and the exchange of shares, the Winners All shareholders would own the controlling block of voting securities of the company. It is anticipated that consummation of the transaction will occur within the next few weeks pending satisfaction of a number of conditions to the closing.
 The company again advised that its previously announced 20 percent stock dividend to common stockholders would be payable to stockholders of record at the close of business on Aug. 16, 1993, subject to, and to be distributed shortly after, the consummation of the Winners All transaction.
 -0- 8/25/93
 /CONTACT: Jules Zimmerman, chairman of the board of Natural Child Care Company, 212-355-0333/
 (NACCW)


CO: Natural Child Care, Inc.; Winners All Limited ST: New York IN: SU:

SH-MP -- NY014 -- 5740 08/25/93 09:39 EDT
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:Aug 25, 1993
Words:260
Previous Article:AGP & CO. INC. ANNOUNCES AGREEMENT IN PRINCIPLE TO ACQUIRE ROBMAR CORPORATION
Next Article:DATA RACE INTRODUCES HIGH-PERFORMANCE LAN BRIDGE; BREAKS SPEED AND BANDWIDTH BARRIERS FOR SUB T1 VOICE/DATA/FAX AND LAN MULTIPLEXERS
Topics:

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