New Point Exploration Corp. (CSE:NP)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more New Point Exploration Corp. Charts. Click Here for more New Point Exploration Corp. Charts.](/p.php?pid=staticchart&s=CNSX%5ENP&p=8&t=15)
Kimberly-Clark Completes Neenah Paper Spin-Off
DALLAS, Nov. 30 /PRNewswire-FirstCall/ -- Kimberly-Clark Corporation
(NYSE:KMB) today completed the previously announced tax-free spin-off of its
paper and Canadian pulp operations, now known as Neenah Paper Inc. (NYSE:NP),
by distributing 100 percent of the common stock of Neenah Paper to Kimberly-
Clark shareholders.
Kimberly-Clark shareholders received one share of Neenah Paper common stock for
every 33 shares of Kimberly-Clark common stock held as of Nov. 19, 2004.
Beginning tomorrow morning, each company's shares will trade on a stand-alone
basis.
With the spin-off of Neenah Paper and the previous sale of several other
operations, Kimberly-Clark is now squarely focused on its core health and
hygiene businesses.
Additional shareholder information about the spin-off is available at:
http://www.kimberly-clark.com/news/paperspinoff.asp .
About Kimberly-Clark
Kimberly-Clark and its well-known global brands are an indispensable part of
life for people in more than 150 countries. Every day, 1.3 billion people --
nearly a quarter of the world's population -- trust K-C's brands and the
solutions they provide to enhance their health, hygiene and well-being. With
brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-
Clark holds the No. 1 or No. 2 share position in more than 80 countries. To
keep up with the latest K-C news and to learn more about the company's 132-year
history of innovation, visit http://www.kimberly-clark.com/ .
About Neenah Paper
Neenah Paper manufactures and distributes a wide range of premium and specialty
paper grades, with leading positions in many of its markets and well-known
brands such as CLASSIC(R), ENVIRONMENT(R), KIMDURA(R) and MUNISING LP(R)
Papers. The Company also produces and sells bleached pulp, primarily for use
in the manufacture of tissue and writing papers. Neenah Paper is based in
Alpharetta, Georgia, and has operations in Wisconsin, Michigan and in the
Canadian provinces of Ontario and Nova Scotia. Additional information about
Neenah Paper can be found in the Form 10 statement filed with the U.S.
Securities and Exchange Commission and, following the distribution, at the
Company's web site at http://www.neenah.com/ .
http://www.newscom.com/cgi-bin/prnh/19991117/KMBLOGO
DATASOURCE: Kimberly-Clark Corporation
CONTACT: media, Dave Dickson, +1-972-281-1481, or , or
investor relations, Mike Masseth, +1-972-281-1478, or , both
of Kimberly-Clark Corporation
Web site: http://www.kimberly-clark.com/
http://www.kimberly-clark.com/news/paperspinoff.asp
http://www.neenah.com/