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Northstar Neuroscience, Inc. Announces Final Liquidating Distribution to Shareholders


8/9/2012 10:11:59 AM

SEATTLE, Aug. 8, 2012 (GLOBE NEWSWIRE) -- Northstar Neuroscience, Inc. (OTC:NSTR.PK) today announced that the Company's board of directors approved a third and final liquidating distribution of $0.02859 per share payable to the shareholders of record of the Company's common stock as of July 2, 2009 (the "Effective Date") pursuant to the shareholder-approved Plan of Complete Liquidation and Dissolution. The payment of the final distribution represents the release of all remaining corporate assets available to shareholders and no further distributions shall be made. The Company expects to pay this liquidating distribution in cash on or about August 15, 2012.

Read at GlobeNewswire

   

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