Milacron Common Stock to Move to OTC Trading
20 Mayo 2008 - 3:32PM
Business Wire
Milacron Inc. (NYSE: MZ), a leading global supplier of
plastics-processing technologies and industrial fluids, announced
today that its common stock will be quoted on over-the-counter
markets beginning Tuesday, May 27. The company expects its stock to
continue to be actively traded in one of the premium tiers of the
Pink Sheets and is taking appropriate steps to be quoted on the OTC
Bulletin Board as well. The move from the New York Stock Exchange
to OTC markets is due to the company�s currently low market
capitalization. �As we emphasized at our annual meeting of
shareholders earlier this month, our focus is on building long-term
shareholder value,� said Ronald D. Brown, Milacron chairman,
president and chief executive officer. �We continue to improve our
operating results and dedicate resources to developing new
products, expanding in emerging growth markets and reducing our
fixed cost structure in North America and Western Europe. We fully
expect these investments to continue to build shareholder value in
the long run.� The forward-looking statements above by their nature
involve risks and uncertainties that could significantly impact
operations, markets, products and expected results. For further
information please refer to the Cautionary Statement included in
the company�s most recent Form 10-Q on file with the Securities and
Exchange Commission. First incorporated in 1884, Milacron is a
leading global supplier of plastics-processing technologies and
industrial fluids, with major manufacturing facilities in North
America, Europe and Asia. For further information, visit
www.milacron.com or call Milacron�s toll-free investor line: (800)
909-6452.
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