CLEVELAND (May 9)—Geon Co.´s board ratified the Geon Co. Share Ownership Trust. The trust will help reduce the firm´s existing share overhang and minimize future share dilution by issuing shares associated with the exercise of future stock options and by funding other equity-related programs. Established May 5 with an initial contribution of 500,000 shares, the company intends to make future contributions through share repurchases.
Geon establishes trust
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