General Cigar Holdings (MPP) Message Board

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Non-Tech : General Cigar Holdings (MPP)

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To: MARK J. PIACITELLI who wrote (1)	6/3/1997 4:34:00 PM
From: MARK J. PIACITELLI	of 75

What will this do to our stock prices?? CBO has been skyrocketing!!!! NEW YORK, June 2 (Reuter) - Culbro Corp <CBO.N> said Monday that its shareholders have approved the merger into General Cigar Holdings Inc <MPP.N>. The company also said it has approved in principle a distribution of all the stock of Griffin Land & Nurseries Inc to shareholders, subject to receipt of a favorable tax ruling from the Internal Revenue Service and the declaration of effectiveness of Griffin's registration by the Securities and Eschange Commission. Both actions are part of Clubro's plan to separate into two public companies, General Cigar and Griffin Land & Nurseries. The company said it hopes to achieve the distribution of Griffin shares in about a month. Assuming the distribution is declared, the merger between Culbro and Griffin is expected to occur by early September. 17:15 06-02-97

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