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Western Wireless shareholders voted on July 29, 2005, eleven years to the day after Western Wirless was incorporated, to accept a US$4.4 billion stock-and-cash offer from Alltel. The merger closed on August 1, 2005.
This cut the electric car maker’s share price from about $2,250 per share to about $450 per share. It had more than doubled by the August 2022 3:1 split. What Is a Reverse Stock Split?
In 1993, Alltel opened its first wireless retail store. In 1997, the company's wireless and wireline businesses were combined into a single organization. On December 9, 2005, Alltel announced that it would become a wireless-only company, simultaneously merging and building a spin-off company for its wireline services. [8]
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
You see, lowering the share price is what a stock split does. ASML is trading at approximately $1,000 today. Suppose the company executes a 10-for-1 split, like Nvidia and Broadcom have done.
On Tuesday, AT&T announced it has agreed to buy the Alltel domestic retail wireless business of Atlantic Tele-Network in an all-cash transaction valued at approximately $780 million. Atlantic ...
A split share corporation is a corporation that exists for a defined period of time to transform the risk and investment return (capital gains, dividends, and possibly also profits from the writing of covered options) of a basket of shares of conventional dividend-paying corporations into the risk and return of the two or more classes of publicly traded shares in the split share corporation.
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