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UCC INVESTORS ANNOUNCES RESCHEDULING OF ITS ANNUAL MEETING OF STOCKHOLDERS TO MARCH 5

 UCC INVESTORS ANNOUNCES RESCHEDULING OF ITS ANNUAL MEETING
 OF STOCKHOLDERS TO MARCH 5
 MIDDLEBURY, Conn., Feb. 28 /PRNewswire/ -- UCC Investors Holding, Inc., the parent company of Uniroyal Chemical Company, Inc., announced today that it has rescheduled its annual meeting of stockholders scheduled for today, in order to allow time to distribute additional information to stockholders concerning its previously announced $700 million recapitalization plan which includes an initial public offering of $400 million of common stock. The meeting will now be held on Thursday, March 5, at 10 a.m. at the offices of Uniroyal Chemical Company, Inc., located in Middlebury. There will be no change in the record date used to determine which stockholders are entitled to vote at the meeting.
 The additional information to be given to stockholders includes an improvement from a 1-for-2 reverse stock split to a 1-for-1.4 reverse stock split and the ability to sell shares in connection with the public offering. It is currently contemplated that the initial public offering price per share would be in the range of $14 to $16. The completion of the initial public offering remains subject to market and other conditions.
 UCC Investors Holding, Inc., through its wholly owned subsidiary, Uniroyal Chemical Company, Inc., is a specialty chemical company whose principal business lines include specialty rubber chemicals, speciality chemical additives, elastomers, crop protection chemicals and urethane pre-polymers.
 -0- 2/28/92
 /CONTACT: Robert Petrausch of UCC Investors Holding, Inc., 203-573-2000/ CO: UCC Investors Holding, Inc.; Uniroyal Chemical Company, Inc. ST: Connecticut IN: CHM SU:


MH -- DC019 -- 3780 02/28/92 14:23 EST
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Publication:PR Newswire
Date:Feb 28, 1992
Words:264
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