Styles on Video Distributes Rights to Its Shareholders
Styles on Video Inc., a Canoga Park supplier of computer systems that show hair and beauty salon customers before-and-after images, said it distributed rights to its shareholders giving them the ability to buy a total of 1 million shares of common stock in its Dycam Inc. subsidiary.
Each Styles on Video shareholder of record at the close of business May 20 will receive one right for each five shares owned. Each right will entitle the holder to buy one share of Dycam common stock for a subscription price of $6 each.
Styles on Video said the rights offering replaces a previously announced public offering of Dycam common stock.
Dycam, a maker of portable, digital still cameras, was acquired in November by Styles on Video.
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