Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, April 25, 1990 TAG: 9004250170
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Short
COOPER SHAREHOLDERS OK INCREASE IN STOCK
Shareholders of Cooper Industries, parent of Gardner-Denver Mining &
Construction of Roanoke, Tuesday approved an increase in authorized preferred
stock, a necessary step in a 5-for-1 split of preferred shares as agreed in
its acquisition of Cameron Iron Works. The shareholders also approved
authorizing a new class of 10 million preferred shares. Robert Cizik, chairman
of the Houston company, said this ensures that Cooper is able to choose the
most appropriate way to finance future business opportunities.
- Staff reports
by CNB