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Danielson Holding Corporation Announces Rights Offering.

Publication: PR Newswire
Publication Date: 26-MAY-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
CHICAGO, May 26 /PRNewswire-FirstCall/ -- Danielson Holding Corporation today announced that it anticipates launching its previously announced rights offering on or about May 31, 2005 once filings are made with the Securities and Exchange Commission. The Danielson Board of Directors set May 27, 2005 as the record date for the rights offering.

Under the terms of the rights offering, holders of Danielson common stock will be issued at no charge one non-transferable warrant for each share of stock held by such holder at the close of business on May 27, 2005. Each warrant will entitle the holder to purchase 0.90 shares of common stock for every warrant held at an exercise price of $6.00 per share. The warrants will trade along with the underlying shares of Danielson common stock and are not transferable separate from the underlying common stock.

In order to exercise the warrants, holders will be required to deliver to the warrant agent common stock representing at least the warrants to be exercised in...

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