Courtesy of Benzinga.
ATK (NYSE: ATK) today announced the commencement of a voluntary sale program, also known as an odd-lot program, for stockholders who own fewer than 100 shares of ATK common stock. The program’s manager is Computershare Shareowner Services (formerly BNY Mellon Shareowner Services).
The odd-lot program is intended to give eligible stockholders a convenient method to sell fewer than 100 shares, while also providing ATK with the opportunity to reduce stockholder servicing and administrative costs.
Participants will receive the weighted average price of all shares sold on their behalf during the week in which Computershare processes the stockholders’ elections to participate in the program. Participating stockholders will pay a processing fee of $2.75 per share. The program will expire on March 23, 2012, unless otherwise extended or terminated by ATK.
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