	centronics cen sets preferred purchase rights centronics corp said its board declared a dividend distribution of one preferred share purchase right on each outstanding common share payable to holders of record april the rights which will expire years later will entitle shareholders to buy one hundredth of a share of a new series of preferred at an exercise price of dlrs the rights will be exercisable only if some one acquires pct or more of centronic s common or announces an offer which would result in ownership of pct or more of the stock centronics said its board will be entitled to redeem the rights at two cts per right at any time before a pct position has been acquired if the rights become exercisable the company said those held by shareholders other than the owner of pct or more of the stock will entitle the holder to purchase a number of common shares having a market value twice the right s exercise price reuter 
