Cardinal Health Board Proposes Employee Stock Option Exchange Program, Declares Quarterly Dividend - Quick Facts - 6 May 2009
Cardinal Health Board Proposes Employee Stock Option Exchange Program,
Declares Quarterly Dividend - Quick Facts
5/6/2009 3:59 PM
ET
(RTTNews) -
Cardinal Health Inc. (CAH: News )
announced that its board has approved a special meeting of shareholders
to vote on a proposed employee stock option exchange program and also
declared regular quarterly dividend.
The proposed option
exchange program is a "value-for-value" exchange, where eligible
employees who hold certain Cardinal Health stock options would be given
a limited period of time to exchange those options for a lesser number
of new options with an exercise price equal to the closing price of
Cardinal Health common shares on the date the new options are granted.
An adjustment, which is expected to be approximately 15 percent, wil
For more information on Cardinal Health Stock Option Exchange.
Posted by Dan Walter
Performensation: Equity Compensation for High Performance Companies.