Kent Financial Services Announces Subsidiary's Proposed Going Private Transaction
August 22 2011 - 4:30PM
Marketwired
KENT FINANCIAL SERVICES, INC. ("Kent") (NASDAQ: KENT) On August 22,
2011, Kent's majority owned subsidiary, Kent International
Holdings, Inc. ("Kent International"), filed a Schedule 14C
Preliminary Information Statement with the United States Securities
and Exchange Commission (the "SEC") in connection with a proposed
"going private" transaction. The proposed transaction involves an
amendment to Kent International's Articles of Incorporation to
effect a one-for-950,000 reverse stock split. If implemented,
fractional shares will be redeemed by Kent International for cash
consideration of $2.50 per pre-split share.
This release contains forward-looking statements which may
involve known and unknown risks, uncertainties and other factors
that may cause the Company's actual results and performance in
future periods to be materially different from any future results
or performance suggested by these statements. Kent Financial
Services cautions investors not to place undue reliance on
forward-looking statements, which speak only to management's
expectations on this date.
Direct Inquiries To: Bryan P. Healey President (682)
738-8011
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