OAK INDUSTRIES EXTENDS SOLICITATION PERIOD
OAK INDUSTRIES EXTENDS SOLICITATION PERIOD WALTHAM, Mass., Nov. 8 /PRNewswire/ -- Oak Industries (NYSE: OAK)
today announced that it is extending the solicitation period for obtaining a waiver to the indenture governing the company's 10-1/2 percent Convertible Subordinated Debentures due Feb. 1, 2002. Approval of the waiver would release certain restrictions concerning the company's ability to purchase its common stock. The solicitation period has been extended to 5 p.m., EST, on Nov. 18, 1991.
Oak Industries Inc., headquartered in Waltham, Mass., is a 59-year-old manufacturer of components and controls. The company is pursuing a strategy for growth in the appliance, electronics and electrical industries through new-product introductions, ongoing productivity enhancements and strategic acquisitions. -0- 11/8/91 /CONTACT: William S. Antle III or William C. Weaver, 617-890-0400/ (OAK) CO: Oak Industries ST: Massachusetts IN: CPR SU: KM-DD -- NE012 -- 2662 11/08/91 15:19 EST
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|Date:||Nov 8, 1991|
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