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While The Middleton Doll Company Announce Results, Others Hire New Management, Begin Negotiation, Announce Installation, File Financial Statement, and Hire New Management.

Publication: M2 Presswire
Publication Date: 29-DEC-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-29 December 2006-Stockguru.com: While The Middleton Doll Company Announce Results, Others Hire New Management, Begin Negotiation, Announce Installation, File Financial Statement, and Hire New Management(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:29122006

Dallas, Texas - StockGuru Pre-Market Updates for Friday include The Middleton Doll Company (OTCBB:DOLL), NewMarket Technology, Inc. (OTCBB:NMKT), Kiwa Bio-Tech Products Group Corporation (OTCBB:KWBT), Chyron Corporation (OTCBB:CYRO), PolyMet Mining Corp. (OTC:PLM), and ARI (OTCBB:ARIS). StockGuru Pre-Market Updates feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock.

If you would like to feature your publicly traded company in our alerts or on StockGuru.com, email feature@stockguru.com or call (469)252-3031.

The Middleton Doll Company (OTCBB:DOLL)- Thursday's shares closed down 0.41% with a price of $0.244. The volume was at 8,789. The company announced the final results of its tender offer to repurchase shares of its Adjustable Rate Cumulative Preferred Stock, Series A, par value $0.01 per share (preferred stock). The tender offer expired at 5:00 p.m., Eastern time, on Tuesday, December 19, 2006 (expiration date). Based on the final count by LaSalle Bank National Association, the depositary for the tender offer, 348,538 shares of preferred stock were properly tendered and not withdrawn. This number is in excess of the 246,154 shares the company had offered to purchase. The company has elected to exercise its right to purchase up to an additional 13,483 of the shares tendered in the offer. In the aggregate, the company will purchase 259,574 shares of preferred stock (as adjusted to avoid purchases of fractional shares) pursuant to the tender offer. Pursuant to the tender offer, the company will first purchase shares of preferred stock from all holders of "odd lots" of less than 100 shares who properly tendered all of their shares before the expiration date. The number of shares that will be purchased pursuant to this odd lot priority is 14,781. The company will then purchase shares of preferred stock from all other shareholders who properly tendered their shares before the expiration date, on a pro rata basis. Proration for each shareholder tendering shares, other than odd lot holders, is based on the ratio of the aggregate number of shares of preferred stock to be purchased pursuant to the tender offer other than odd lot shares and prior to any adjustments to avoid purchases of fractional shares (244,856 shares) to the aggregate number of shares of preferred stock properly tendered by all shareholders other than odd lot holders (333,757 shares). Based on the final count by the depositary, the proration...

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