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Medquist (fka MEDQ) RSS Feed

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Created
07/18/08
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MedQuist Announces Declaration of $2.75 per share Dividend on Common Stock MOUNT LAUREL, July 14 /PRNewswire-FirstCall/ -- MedQuist Inc. (Pink Sheets: MEDQ) today announced that its board of directors declared a dividend of $2.75 per share on MedQuist's common stock. The dividend will be paid on August 4, 2008 to shareholders of record as of the close of business on July 25, 2008. Newcastle Partners, L.P., along with other holders of MedQuist's common stock, have filed a shareholder derivative lawsuit in the Superior Court of New Jersey, Chancery Division, seeking, among other things, to enjoin the payment of a substantial dividend. Though the court denied Newcastle's request for a temporary restraining order enjoining the declaration of the dividend, it has set July 31, 2008 as a date for a hearing regarding a preliminary injunction enjoining a substantial dividend. If the court issues the requested injunctive relief and the dividend declared by the board is enjoined, it will be paid on the first practicable business day following the lifting or expiration of the injunction. About MedQuist: MedQuist is the largest Medical Transcription Service Organization (MTSO) in the world, and a leader in technology-enabled clinical documentation workflow. MedQuist's enterprise solutions -- including mobile voice capture devices, speech recognition, Web-based workflow platforms, and global network of medical editors -- help healthcare facilities improve patient care, increase physician satisfaction, and lower operational costs. For more information, please visit www.medquist.com. ------------------------------------------- MedQuist to Commence Trading on the Global Market of The NASDAQ Stock Market, LLC MOUNT LAUREL, N.J., July 16 /PRNewswire-FirstCall/ -- MedQuist Inc. (Pink Sheets: MEDQ) announced that The NASDAQ Stock Market, LLC, has approved the Company's application for listing on its Global Market. The Company's stock will begin trading on the Global Market under the ticker symbol 'MEDQ' effective tomorrow, July 17, 2008. The company has been trading on the Pink Sheets since 2004. Mark Ivie, MedQuist's Interim President and CEO, stated, 'We are pleased to announce the Company's listing on the NASDAQ Global Market. We believe that NASDAQ will provide our investors with a more transparent electronic market to aid their trading efficiency and liquidity needs.' About MedQuist: MedQuist is the largest Medical Transcription Service Organization (MTSO) in the world, and a leader in technology-enabled clinical documentation workflow. MedQuist's enterprise solutions -- including mobile voice capture devices, speech recognition, Web-based workflow platforms, and global network of medical editors -- help healthcare facilities improve patient care, increase physician satisfaction, and lower operational costs. For more information, please visit www.medquist.com.
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