Roanoke Dairy Proposes Stock Purchase Agreement
Roanoke Dairy Products Inc stockholders met March 13 1948 at Roanoke Rapids N C to approve a bold purchase offer from Premium Distributors Inc for 279 shares of common stock and 20 shares of preferred stock at 27500 plus notes totaling 20000 secured by deeds of trust on real property, subject to existing debt and life insurance liens.
MENTIONED IN THIS ARTICLE
Roanoke Dairy Products, Incorporated
Roanoke Rapids
N. C
Roanoke Dairy Products, Inc
North Carolina
Premium Distributors, Inc
Far Capital
Roanoke Dairy Products
Tnc
Southern Life Insurance Company
Corporate offer accepted and promissory notes issued
The stockholders favor the Premium Distributors bid and the board approves the purchase. Officers are authorized to finalize the deal and issue four corporate promissory notes totaling 5 500 due August 15 1948 6 866 67 due August 15 1949 6 666 67 due August 15 1950 and 6 666 66 due August 15 1951 with 4 percent interest after maturity.
MENTIONED IN THIS ARTICLE
Premium Distributors, Inc
Roanoke Dairy Pro pieces stock after district resolution
Pursuant to a corporate resolution the Roanoke Dairy Pro company acquired the assets of Premium Distributors Inc and cancelled part of the outstanding capital stock. The action reduces preferred stock to zero and notes the remaining nonpar common stock of 279 shares.
MENTIONED IN THIS ARTICLE
Orporation
Premium Distiutors, Inc
Roanoke Dairy Pro“ots, Inc
Robbins and Daley Tapped for Premium Distributors Roles
Retiring stockholders J. S. Robbins and Mary Andrews Robbins identified with Premium Distributors Inc. Hugh M. Daley named as key retiring stockholder. Announcement prepared by R. H. Gregory Jr., president, dated April 1.
MENTIONED IN THIS ARTICLE
J. S. Robbins
Mary Andrews Robbins
S.H. Robbins
Hugh M. Daley
Premium Distributors, Inc
R. H. Gregory, Jr
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