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Grevalta Industries, Inc. establishes a share-appreciation rights plan on January 1, 2012. The plan entitles executives to receive cash at the date of exercise for

Grevalta Industries, Inc. establishes a share-appreciation rights plan on January 1, 2012. The plan entitles executives to receive cash at the date of exercise for the difference between the market price of the stock and the pre-established price of $40 on 10,000 SARs. The service period runs for two years (2012-2013)

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