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[Forum] Be Inc news we may have missed..ANN.lu
Posted on 18-Jul-2004 00:01 GMT by Darth_X21 comments
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Be Incorporated Announces Plan of Distribution of Assets to Stockholders HERE Dan Johnston
Be Incorporated

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 12, 2004--Be Incorporated (OTC:BEOSZ.PK - News) today announced that the Court of Chancery of the State of Delaware has responded affirmatively to Be's Petition for Determinations and has approved it's plan of distribution of assets to stockholders. In accordance with that plan, on or about May 18, 2004, Be's transfer agent, Wells Fargo Bank, N.A., will begin mailing notices and "letters of transmittal" to those Be stockholders of record (Be previously set the record date as of March 15, 2002), that will instruct such stockholders of record how to exchange their shares of Be Common Stock for cash. The initial distribution of cash for the surrender of shares will be in the amount of fifty-eight cents (U.S. $0.58) per share, without interest. Stockholders that purchased or sold shares of Be common stock with "due bills" after March 15, 2002, should refer any questions to their own brokers with regard to their rights to receive any distribution and the procedures relating to the surrender of those shares.
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