Furon Co – ‘8-K’ for 4/30/99 – EX-20.1

As of:  Friday, 4/30/99   ·   For:  4/30/99   ·   Accession #:  892569-99-1221   ·   File #:  0-08088

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Form 8-K for Furon Company.                            6     20K 
 2: EX-3.1      Certificate of Determination of Preferences.           6     21K 
 3: EX-20.1     Press Release, Dated April 30, 1999.                   1      7K 

EX-20.1   —   Press Release, Dated April 30, 1999.

EX-20.1
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                                                                    EXHIBIT 20.1

[FURON LETTERHEAD]                                                              

PRESS RELEASE                                                                   

For:      IMMEDIATE RELEASE                                                     

Contact:  Mike Hagan/Ron Bissell                                                
Furon Company                                               
(949) 831-5350                                              

Roger Pondel/Rob Whetstone                                  
Pondel/Wilkinson Group                                      
(310) 207-9300                                              

FURON ANNOUNCES NEW SHAREHOLDER RIGHTS PLAN 

Laguna Niguel, CA - April 30, 1999 - Furon Company (NYSE:FCY) today announced   
it has adopted a new shareholder rights plan in order to discourage abusive     
takeover tactics. The new plan will replace the current plan which expires May  
31, 1999. It is expected that the new rights will be issued on that date as a   
dividend to shareholders of record on May 21, 1999.                             

In the new plan, if an entity acquires more than 15% of the Company's stock, or 
in the event of a "squeeze-out" merger, holders of the rights would be entitled 
to purchase either the Company's stock or stock in the merged entity at half of 
the market value. The Company will be entitled to redeem the rights for a       
nominal amount at any time until the tenth day following a public announcement  
that a 15% position in the Company has been acquired. The new plan also         
eliminates the "dead-hand" or "continuing director" provisions that were        
contained in the prior plan. These provisions provided that only "continuing    
directors" could redeem the rights after a distribution date. Complete details  
of the new plan will be mailed to shareholders.                                 

Furon, a leading manufacturer of engineered polymer components, serves both the 
commercial and healthcare markets.                                              

# # # 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
		5/31/99
		5/21/99
Filed on / For Period End:		4/30/99		8-A12B,  8-A12G
				List all Filings