Printer Friendly

WSMP FILES SEC REGISTRATION STATEMENT FOR STOCK OFFERING

 CLAREMONT, N.C., Nov. 25 ~PRNewswire~ -- WSMP, Inc. (NASDAQ-NMS: WSMP) said today that it has filed a registration statement with the Securities and Exchange Commission for the issuance to its shareholders of rights to acquire up to 1,933,843 shares of the Company's Common Stock.
 Under the terms of the rights offering, each shareholder of the Company will receive one right for each share of Common Stock held of record on the close of business on Nov. 25, 1992. Each right will entitle the shareholder to purchase one share of Common Stock at a subscription price to be determined by the company immediately before the rights offering commences. The Company expects the subscription price to be approximately the market price of the stock on Nov. 25, 1992.
 The rights offering, which will not be underwritten, will commence upon the SEC declaring the registration statement effective, which the Company expects to occur in approximately 30 days. The offering is expected to remain open for three weeks from its commencement.
 WSMP, Inc. (NASDAQ NMS symbol "WSMP") is a restaurant and food service company that owns or franchises 124 Western Steer Family Restaurants and Prime Sirloin Restaurants in 11 states, primarily in the Southeast, produces sugar-cured hams and ham products and produces a variety of biscuits, rolls and other flour-based products.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This News Release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 -0- 11~25~92
 ~CONTACT: Richard Gray Craft, Senior Vice-President, Accounting and Finance, WSMP, Inc. 704-459-7626~
 (WSMP)


CO: WSMP, Inc. ST: North Carolina IN: LEI SU: OFR

MM -- CH003 -- 1458 11~25~92 10:52 EST
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:Nov 25, 1992
Words:352
Previous Article:SPECTRUM HOLOBYTE ENTERS THE VIDEO-GAME MARKET WITH WORDTRIS FOR SNES AND GAMEBOY
Next Article:COLLEGE BOUND TRUSTEE TO CONTINUE OVERSEEING CHAPTER 11 PROCEEDINGS
Topics:


Related Articles
N.C. FOOD SERVICE COMPANY DECLARES 5-FOR-4 STOCK SPLIT
N.C. FOOD SERVICE COMPANY ANNOUNCES STRONG INCREASE IN EARNINGS
WSMP REPORTS OPERATING RESULTS
WSMP REPORTS OPERATING RESULTS
WSMP Purchases 14 Restaurants From Its Largest Franchisee
Food Service Industry Veteran Named Product Development V.P. At WSMP
WSMP, Sagebrush Sign Letter of Intent For WSMP To Acquire Sagebrush
WSMP, Sagebrush Stock For Stock Merger Exchange Rate Announced
Checkers, Rally's Join With WSMP To Launch Retail Sandwich Lines

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