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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

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To: Zeev Hed who wrote (4317)3/26/1999 10:02:00 PM
From: Ian@SI   of 4697
 
An extra week to make up one's mind...

Memc Electronic Materials Inc.
Dow Jones Newswires -- March 26, 1999
MEMC Electronic Extends $94M Rights Offer

ST. PETERS, Mo. (Dow Jones)--MEMC Electronic Materials Inc. (WFR) extended its $94 million rights offering to April 13 for foreign holders and April 16 for domestic holders.

The offering was to expire April 8 for foreign holders and April 13 for domestic holders.

In a press release Friday, the company said other terms of the offering are unchanged.

MEMC also said it will post first-quarter results April 26 and preannounce available information April 12.

As reported, under the rights offering, shareholders will receive 0.715 of a right for each common share held. Each right may be exercised for one common share at $6.89 each.


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