Printer Friendly

OAK INDUSTRIES TO SUBMIT REVERSE STOCK SPLIT PROPOSAL FOR STOCKHOLDER APPROVAL

 WALTHAM, Mass., Mar. 19 /PRNewswire/ -- Oak Industries, Inc. (NYSE: OAK), announced today that it will submit a proposal, which its board of directors will recommend, to its shareholders for a one-for- five reverse stock split. This proposal will be included in the company's proxy statement as a matter to be voted on at the company's annual shareholders's meeting to be held on May 6, 1993. A company spokesperson indicated that the company believes that such a reverse split should improve the attractiveness of the stock to the financial community and to the investing public, and should broaden the range of investors and analysts who would follow the stock.
 Oak Industries, Inc., provides components and controls for leading manufacturers in a range of industries, including cable television, consumer appliances, electronics, test and measurement equipment, military, telecommunications and transportation. The company is pursuing a strategy for growth through new-product introductions, ongoing productivity enhancements and acquisitions.
 -0- 3/19/93
 /CONTACT: William C. Weaver, CFO of Oak Industries, 617-890-0400; or Jean M. Devine of Sharon Merrill Associates, 617-262-1800, for Oak/
 (OAK)


CO: Oak Industries, Inc. ST: Massachusetts IN: CPR, TLS SU:

DH -- NE013 -- 8067 03/19/93 17:21 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:Mar 19, 1993
Words:197
Previous Article:U.S. DISTRICT COURT RULES THAT RESTRICTIONS IMPOSED BY MASSACHUSETTS LAW CORI ARE UNCONSTITUTIONAL
Next Article:ENDOGEN, INC. RAISES $3.075 MILLION
Topics:


Related Articles
INTERNATIONAL GAMING MANAGEMENT ANNOUNCES REVERSE SPLIT OF STOCK
NU-WEST ANNOUNCES RESULTS OF STOCKHOLDER MEETING: REVERSE SPLIT OF COMMON STOCK
Envirogen Board Approves Reverse Stock Split.
j2 Global Communications Shareholders Approve 1-for-4 Reverse Stock Split.
NSI Announces Reverse Stock Split to be Considered At Annual Stockholder Meeting; Cost Allocation of Acuity Brands and NSI Announced.
Liberty Satellite Announces Results of Annual Stockholder Meeting.
Goddard Industries, Inc. Proposes Reverse Stock Split.
TIMET Board Approves Reverse Stock Split.
Blue Martini Software Plans Reverse Stock Split.
Imperial Industries, Inc. To Seek Stockholder Approval Of Reverse Stock Split; Sets Date For Special Meeting Of Stockholders.

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