Business News • MarketWire • Kent Financial Services Announces Subsidiary's Proposed Going Private Transaction |
Kent Financial Services Announces Subsidiary's Proposed Going Private Transaction |
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Kent Financial Services Announces Subsidiary's Proposed Going Private Transaction
COLLEYVILLE, TX--(Marketwire - Aug 22, 2011) - KENT FINANCIAL SERVICES, INC. ("Kent") (NASDAQ: KENT) On August 22, 2011, Kent's majority owned subsidiary, Kent International Holdings, Inc. ("Kent International"), filed a Schedule 14C Preliminary Information Statement with the United States Securities and Exchange Commission (the "SEC") in connection with a proposed "going private" transaction. The proposed transaction involves an amendment to Kent International's Articles of Incorporation to effect a one-for-950,000 reverse stock split. If implemented, fractional shares will be redeemed by Kent International for cash consideration of $2.50 per pre-split share.
View More : http://www.marketwire.com/mw/release.do?id=1552302&sourceType=3
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