WALTHAM, Mass., Aug. 15, 2005 /PRNewswire-FirstCall/ -- Raytheon Company
(NYSE: RTN) announced today a program to provide shareholders owning less than
100 shares of its common stock with an opportunity either to sell all their
shares or to purchase enough additional shares to increase their holdings to
100 shares.
The program, which is voluntary, recognizes that inconvenience or
potential costs often deter shareholders from selling or purchasing less than
100 shares. At the same time, Raytheon expects the program will save
shareholder servicing and administrative costs.
Participants will pay or receive a per share price equal to the average
daily closing price of Raytheon common stock as reported by the New York Stock
Exchange while the program is in effect. A processing fee of $0.90 per share
up to a maximum of $40 per account will be charged. Georgeson Shareholder
Communications Inc. will manage the Program which is tentatively set to expire
September 16, 2005, unless extended by Raytheon. Full details are described
in the program materials being mailed today to eligible shareholders.
Questions on this program should be directed to Georgeson Shareholders
Communications Inc. at (866) 343 - 2017.
Raytheon Company (NYSE: RTN), with 2004 sales of $20.2 billion, is an
industry leader in defense and government electronics, space, information
technology, technical services, and business and special mission aircraft.
With headquarters in Waltham, Mass., Raytheon employs more than 80,000 people
worldwide
Contact
James Fetig
781.522.5111
Investor Relations Contact
Greg Smith
781.522.5141
SOURCE Raytheon Company
 back to top
Related links:
http://www.raytheon.com
CONTACT:
James Fetig, +1-781-522-5111, or Greg Smith,
+1-781-522-5141, both of Raytheon Company
|
