Forest Laboratories Announces Executive Exercised Stock Options With Intent to Hold Shares
December 17 2008 - 9:03AM
PR Newswire (US)
NEW YORK, Dec. 17 /PRNewswire-FirstCall/ -- Forest Laboratories,
Inc. (NYSE:FRX), announced today that Howard Solomon, Chairman and
Chief Executive Officer exercised stock options for 600,000 shares
which are expiring in December 2008 having reached the end of their
10-year term. Mr. Solomon indicated his intent to hold all shares
of Forest common stock obtained through the option exercise, net of
those shares withheld by the Company to cover the cost associated
with the option exercise and related tax payments. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001011/FORESTLOGO ) About
Forest Laboratories Forest Laboratories (NYSE:FRX) is a U.S.-based
pharmaceutical company with a long track record of building
partnerships and developing and marketing products that make a
positive difference in people's lives. In addition to its
well-established franchises in therapeutic areas of the central
nervous and cardiovascular systems, Forest's current pipeline
includes product candidates in all stages of development and across
a wide range of therapeutic areas. The company is headquartered in
New York, NY. To learn more about Forest Laboratories, visit
http://www.frx.com/. Except for the historical information
contained herein, this release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements involve a number of risks and
uncertainties, including the difficulty of predicting FDA
approvals, the acceptance and demand for new pharmaceutical
products, the impact of competitive products and pricing, the
timely development and launch of new products, and the risk factors
listed from time to time in Forest Laboratories' Annual Report on
Form 10-K, Quarterly Report on Form 10-Q, and any subsequent SEC
filings. http://www.newscom.com/cgi-bin/prnh/20001011/FORESTLOGO
http://photoarchive.ap.org/ DATASOURCE: Forest Laboratories, Inc.
CONTACT: Frank J. Murdolo, Vice President - Investor Relations,
Forest Laboratories, Inc., +1-212-224-6714, Web Site:
http://www.frx.com/
Copyright
Forest Road Acquisition (NYSE:FRX)
Historical Stock Chart
From Sep 2024 to Oct 2024
Forest Road Acquisition (NYSE:FRX)
Historical Stock Chart
From Oct 2023 to Oct 2024