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TruServ to lift stock moratorium.(Brief Article)

Home Channel News NewsFax

| July 05, 2004 | COPYRIGHT 2003 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission. (Hide copyright information)Copyright

TruServ will lift its moratorium on stock redemption effective July 6. A conditional lift was previously approved by the Chicago-based co-op's board of directors at its annual shareholders meeting on March 28. Since March 2000, TruServ has barred shareholders who terminated their relationship with the co-op from redeeming their stock investments. The restriction was prompted by the co-op's $131 million loss in 1999. On July …

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News wire article from: Home Channel News NewsFax April 5, 2004 700+ words
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