WAXMAN INDUSTRIES INC

price = USD 6.5-8.75...e Reverse/Forward Stock Split" for a more detailed discussion of the foregoing. 2 - An independent financial advisor valued the Common Stock and Class B Common Stock at a range of between $6.50 and $8.75 per share. The Board of Directors has set the cash consideration to be paid for fractional shares less than one whole share resulting from the reverse stock split at $7.63 per share of Common Stock and Class B Common Stock in ord...

threshold = 100...ission. PURPOSE OF THE REVERSE/FORWARD STOCK SPLIT The purpose of the Reverse/Forward Stock Split is to acquire for cash the equity interests in the Company of stockholders who, as of the effective date of the Reverse/Forward Stock Split (as described below), own fewer than 100 shares of Common Stock and Class B Common Stock. The purchase price is $7.63 per share of Common Stock and Class B Common Stock owned immediately before the Reverse/Forward Stock Split. By purchasing the shares of the holders of fewer than 100 shares, we will: - Eliminate the cost of maintaining small stockholder accounts; - Permit these small...

txn_type = CONSOLIDATION...ors are elected and qualified; 2. The approval of amendments to the Company's Certificate of Incorporation to effect a reverse/forward stock split of the Company's outstanding Common Stock and Class B Common Stock, whereby the Company would effect a 1-for-100 reverse stock split, such that stockholders owning less than 100 shares of Common Stock or Class B Common Stock would have such shares canceled and converted into the right to receive the cash consideration set forth herein, immediately followed by a 100-for-1 forward stock split (the "Reverse/Forward Stock Split"); and 3. Such other business as may properl...