Catalytica Announces Distribution Ratio for Spin-Off MergerDecember 18, 2000 by Jeff Shepard
Catalytica Inc. (Mountain View, CA) has announced the distribution ratio for the spin-off of Catalytica Energy Systems in connection with Catalytica's merger with Synotex Co. Inc., a wholly-owned subsidiary of DSM (Netherlands).
Each stockholder of record at the close of business on December 15, 2000, will receive 0.16547 of a share of Catalytica Energy Systems per share of Catalytica Inc.
Catalytica Energy Systems was formed earlier this year by the combination of two of Catalytica's subsidiaries, Catalytica Combustions Systems and Catalytica Advanced Technologies. The name is intended to reflect a broadened focus on products and services for the industry.