Baker, Fentress & Company Calls Special Meeting of Shareholders
CHICAGO--(BUSINESS WIRE)--June 18, 1999--
MEETING DATE: AUGUST 19, 1999; RECORD DATE: JUNE 30, 1999
Baker, Fentress & Company (NYSE: BKF) today announced that its board of directors has called a special meeting of its shareholders to vote on the previously announced Plan for Distribution of Assets of the Company. The meeting will be held at the Chicago Hilton and Towers located at 720 South Michigan Avenue, Chicago, Illinois at 10:30 am on Thursday, August 19, 1999. Shareholders of record at the close of business on June 30, 1999 will be entitled to vote at this meeting.
At the Special Meeting, the shareholders will be asked to approve the Plan for Distribution of Assets of Baker, Fentress & Company pursuant to which the Company would distribute substantially all of its assets, with the exception of John Levin & Co., Inc., the Company's wholly-owned investment management company, and change the nature of the Company's business so it will cease to be a registered investment company. In addition, shareholders will be asked to approve an amendment to the Company's Certificate of Incorporation to provide for a reverse stock split of the shares of the Company's common stock. The Company anticipates mailing a proxy statement relating to the meeting by mid-July. This material will explain these proposals further and provide additional background information.
On August 20, 1999, the Company will hold an Information Meeting for all shareholders and other interested parties. This meeting will be held at 8:00 am at the Waldorf Astoria located at 301 Park Avenue, New York, New York. This meeting is intended to be a recap of the August 19 Special Shareholders' Meeting for the benefit of those who want information and are unable to attend the Special Shareholders' Meeting in Chicago. |
