ARTICLE | Company News
ProCyte news
January 23, 1995 8:00 AM UTC
Under State of Washington law, shareholders owning at least 10 percent of a company's outstanding stock can require the company to call a special meeting of its shareholders. PRCY has 12.9 million shares outstanding. SCHR and DSCI, which purportedly own 640,500 PRCY shares, will solicit shareholders through written requests.
In response, PRCY President and CEO Joseph Ashley sent a letter to shareholders reiterating the company's reasons for rejecting the merger. ...