TTP calls for redemption of warrants
biz.yahoo.com
Tuesday October 19, 8:28 am Eastern Time
Company Press Release
Titan Pharmaceuticals, Inc. Calls for Redemption of Its Class A Warrants
SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Oct. 19, 1999--Titan Pharmaceuticals, Inc. (AMEX: TTP, TTP:WS) today announced that it has called for redemption of its outstanding class A warrants, at a price of $.05 per warrant. Each class A warrant is exercisable prior to 5:00 p.m. (Eastern Standard Time), on November 19, 1999, for one share of Titan's Common Stock at an exercise price of $6.02. After 5:00 p.m. on that date, the class A warrants will no longer be exercisable, and holders will have the right to receive only the redemption price.
The Company has retained Deutsche Banc Alex. Brown as its financial advisor in connection with redemption of the class A warrants.
Questions and requests for assistance in connection with the warrant redemption should be directed to the Company's information agent, D. F. King & Co., Inc. at (212) 269-5550, Attention: Thomas A. Long.
Titan Pharmaceuticals, Inc. is a biopharmaceutical company developing proprietary therapeutics for the treatment of nervous system disorders, cancer, and other serious and life threatening diseases.
''Safe Harbor'' Statement . . . [snip] |
