Travelers Cos. Announces Deal for Odd-Lot Sale, Purchase Program

Loading...
Loading...
The Travelers Companies, Inc.
TRV
today announced a voluntary “Odd-Lot” sale and purchase program under which shareholders owning fewer than 100 shares of Travelers common stock may either sell all of their shares or purchase sufficient additional shares to increase their holdings to 100 shares. This voluntary program is being administered by Georgeson Inc. and provides an alternative to purchasing or selling less than 100 shares of Travelers common stock through a brokerage firm or other method. The program expires November 15, 2013, unless extended by Travelers. Participants will pay or will receive a price per share equal to a weighted average price, as described in the program materials. Participants will pay a processing fee of $2.75 per share purchased or sold, up to a maximum of $50.00 per account. Travelers will not buy or sell shares in the program, and Travelers is making no recommendation to shareholders as to whether they should sell or purchase shares.
Market News and Data brought to you by Benzinga APIs
Posted In: News
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...