RICHMOND, Va., Nov. 22 /PRNewswire-FirstCall/ -- Tredegar Corporation
(NYSE: TG) announced a voluntary sale and purchase program for shareholders of
fewer than 100 shares of Tredegar common stock.
Eligible participants will be offered the opportunity either to sell all
of their Tredegar shares or purchase additional shares to increase their
investment to 100 shares of Tredegar common stock. The price per share for
such sales and purchases will be determined using a weighted average price of
market trades during the pricing periods. The program is being administered
and managed by Georgeson Shareholder.
Information about the odd-lot program will be mailed directly to eligible
shareholders. This offer is not conditioned on a receipt of any minimum
number of tenders and the offer will expire on Dec. 30, 2004, unless extended
by Tredegar. Tredegar is not recommending that odd-lot holders sell their
shares or purchase additional shares. Tredegar encourages odd-lot holders to
make their own decision as to whether to participate in this voluntary program
and to contact their financial advisor for appropriate guidance.
Based in Richmond, Va., Tredegar Corporation is a global manufacturer of
plastic films and aluminum extrusions. Tredegar is also developing and
marketing bone graft substitutes through its Therics subsidiary.
SOURCE Tredegar Corporation
/CONTACT: Mitzi S. Reynolds of Tredegar Corporation, +1-804-330-1134,
Fax: +1-804-330-1177, or email@example.com/
/Web site: http://www.tredegar.com /
CO: Tredegar Corporation
IN: CHM MNG
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9541 11/22/2004 15:00 EST http://www.prnewswire.com