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Henley Manufacturing Corp

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BUSINESS
October 1, 1987 | CHRIS KRAUL
Henley Group Inc. has filed a statement with the Securities and Exchange Commission for permission to issue to shareholders a stock dividend in Henley Manufacturing Corp., an independent unit Henley is forming from its chemical and certain manufacturing operations. One share in HMC would be issued for approximately each 20 shares of Henley stock owned, a spokesman said. Henley stockholders entitled to fractional shares will receive cash instead, he added.
BUSINESS
March 17, 1988 | CHRIS KRAUL, San Diego County Business Editor
In the latest in a succession of restructuring moves that began shortly after it was formed two years ago, Henley Group said Wednesday that it is dividing itself into two publicly held entities, a realignment designed to focus more investor attention on its refuse-to-energy business. Henley, which is based in La Jolla, also said its board had authorized the repurchase of up to 20 million of the 90 million Henley shares now outstanding.
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