Chattem
This article was originally published in The Tan Sheet
Executive Summary
Completes distribution of $ 20 special cash dividend on June 11 to stockholders of record on June 4 ("The Tan Sheet" May 24, p. 17). As part of that deal, Chattem completed the sale of 1.87 mil. shares of common stock to First Union Capital Partners, Inc., an affiliate of First Union Corporation, for a total of $ 14 mil.