September 19, 1997 |
Wahlco Environmental Systems Inc. plans to offer shareholders the right to purchase common stock at a substantial discount. The offering applies to shareholders other than its majority shareholder, WES Acquisition Corp. To reduce the number of shares outstanding, the company also said Thursday that it plans a reverse stock split, subject to the approval of the New York Stock Exchange, after the rights offering. The company said shareholders will be issued eight rights for each share owned.
CALIFORNIA | LOCAL
July 7, 1988
The South Coast Air Quality Management District has responsibility for controlling air pollution in the area. It has the power to seek court-imposed fines against polluters of $25 to $25,000 a day, based on such factors as the extent that emissions exceed legal limits, the potential danger to the public, whether the violation was intentional or accidental and the company's history of violations. These are the 10 highest penalties paid in May: COMPANY TYPE OF BUSINESS PENALTY Mobil Oil Corp.
September 2, 1996
Wahlco Environmental Systems Inc. said it has completed a loan agreement with its majority shareholder that gives the maker of air pollution control equipment up to $1.6 million of additional working capital. The loan agreement with WES Acquisition Corp. extends through the end of the year and gives Wahlco the ability to draw on the funds immediately.
July 19, 1998 |
Wahlco Environmental Systems Inc. said it has applied to have its common stock listed on the Nasdaq Bulletin Board, an unregulated electronic marketplace. The Santa Ana company's stock has been listed on the New York Stock Exchange, but trading was suspended last month because the company fell below listing requirements. The exchange said Wahlco has less than $12 million in net tangible assets available to common shares and less than $600,000 in average net income for the last three years.