Aksys to redeem rights at $0.01 each, to issue 243,892 shares of common stock

By Lisa Kerner

Erie, Pa., May 16 - Aksys, Ltd. said it will redeem all outstanding rights at the redemption price of $0.01 per right payable in shares of the company's common stock, with the issuance of fractional shares settled by cash payment.

The record date will be May 23, and the payment date will be on or about June 6.

Aksys expects to issue a total of about 243,892 shares of its common stock, $0.01 par value.

Located in Lincolnshire, Ill., Aksys produces hemodialysis products.

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