SMI/USA ANNOUNCES MERGER WITH TEM CORP.
SMI/USA ANNOUNCES MERGER WITH TEM CORP. WACO, Texas, Oct. 7 /PRNewswire/ -- SMI/USA, Inc. announced that its
shareholders approved the merger today of SMI TEM Corp. into SMI/USA, Inc. effective the close of business on Oct. 6, 1992.
SMI/USA, Inc. shareholders representing approximately 86 percent of the outstanding common stock voted in favor of the merger. As a result of the merger, shareholders of SMI/USA, Inc. will receive $.50 per share for their stock and SMI/USA, Inc. will no longer be a publicly traded company. -0- 10/7/92 /CONTACT: Charles G. Williams, president of SMI/USA, 817-757-4782/ CO: SMI/USA, Inc.; SMI TEM Corp. ST: Texas IN: SU: TNM
SH -- NY046 -- 7524 10/07/92 14:47 EDT
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|Date:||Oct 7, 1992|
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