Printer Friendly

VAN DORN ANNOUNCES RESULTS OF BOARD MEETING

 VAN DORN ANNOUNCES RESULTS OF BOARD MEETING
 CLEVELAND, Sept. 29 /PR Newswire/ -- Van Dorn Company (NYSE: VDC)


announced today that its board of directors, acting upon the recommendation of the Special Advisory Committee, has authorized the Committee and its financial advisor, Goldman, Sachs & Co., to actively solicit definitive proposals to acquire all or a portion of the company or its assets. Any decision as to the sale of the company or any portion thereof will not be made until proposals and other alternatives have been evaluated by the Committee and a final recommendation has been presented to the full board for consideration.
 William M. Frazier, a new director and member of the Committee, said, "I am satisfied with the Committee's progress to date. Although these things take time, I believe the Committee is sincere in its efforts and on the right track. I hope the Committee will be allowed to complete its assigned tasks without interruption."
 -0- 9/29/92
 /CONTACT: Thomas R. Miklich, executive vice president of the Van Dorn Company, 216-447-8777/
 (VDC) CO: Van Dorn Company ST: Ohio IN: SU:


BM -- CL014 -- 4545 09/29/92 16:50 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 29, 1992
Words:191
Previous Article:JACOBS SELECTED FOR A $60 MILLION ENVIRONMENTAL CLEANUP PROGRAM BY U.S. ARMY CORPS OF ENGINEERS
Next Article:DATA BROADCASTING CORPORATION FILES ANNUAL REPORT ON FORM 10-K
Topics:


Related Articles
GUY P. WYSER-PRATTE OBTAINS SHAREHOLDER LIST
VAN DORN DECLARES QUARTERLY DIVIDEND
VAN DORN ANNOUNCES 1992 SECOND QUARTER AND FIRST-HALF RESULTS
VAN DORN RECEIVES REQUEST FOR SPECIAL MEETING OF SHAREHOLDERS
VAN DORN ANNOUNCES RULING BY JUDGE ROCKER
VAN DORN ANNOUNCES 1992 THIRD QUARTER AND NINE MONTHS RESULTS
VAN DORN ANNOUNCES THE SIGNING OF A MERGER AGREEMENT
VAN DORN ANNOUNCES RECEIPT OF WYSER-PRATTE LAWSUIT
VAN DORN ANNOUNCES RESULTS OF SPECIAL MEETING OF SHAREHOLDERS
VAN DORN ANNOUNCES COMPLETION OF MERGER WITH SUBSIDIARY OF CROWN CORK & SEAL COMPANY, INC.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters