Summary
Corning Incorporated (GLW) announced a voluntary odd-lot program for eligible small shareholders on October 22, 2004, effective from October 29, 2004, through November 29, 2004. This program allows shareholders owning fewer than 100 shares of Corning Common Stock to either sell their entire holdings or purchase additional shares to reach the 100-share threshold. This initiative appears designed to streamline shareholder base management by reducing the number of very small accounts. Investors should note that the company is not making a recommendation on participation, and the exact purchase or sale price will be a market-based price determined uniformly during the program period. Interested shareholders should contact Georgeson Shareholder Communications for details.
Key Highlights
- 1Corning Inc. is launching a voluntary odd-lot program for shareholders with fewer than 100 shares.
- 2The program allows eligible shareholders to sell their shares or buy shares to reach 100 shares.
- 3The program period runs from October 29, 2004, to November 29, 2004.
- 4The purchase/sale price will be a market-based price, uniformly applied, and cannot be determined in advance.
- 5Corning is not recommending any action to shareholders regarding this program.
- 6Shareholders can obtain information by contacting Georgeson Shareholder Communications at 1-888-288-7059.