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A reverse stock split occurs on an exchange basis, such as 1-10. When a company announces a 1-10 reverse stock split, for example, it exchanges one share of stock for every 10 that a shareholder owns.
BellSouth Telecommunications, LLC was an operating company of AT&T that serves the southeastern United States. It consists of the former operations of Southern Bell and South Central Bell . BellSouth Telecommunications was a subsidiary of BellSouth Corporation which was acquired by AT&T Inc. on December 29, 2006.
The free market dictates the price of every publicly traded company’s stock. All share prices exist at the intersection of what the seller is willing to accept and what the buyer is willing to pay.
BellSouth, LLC (stylized as BELLSOUTH and formerly known as BellSouth Corporation) was an American telecommunications holding company based in Atlanta, Georgia.BellSouth was one of the seven original Regional Bell Operating Companies after the U.S. Department of Justice forced the American Telephone & Telegraph Company to divest itself of its regional telephone companies on January 1, 1984.
The "reverse stock split" appellation is a reference to the more common stock split in which shares are effectively divided to form a larger number of proportionally less valuable shares. New shares are typically issued in a simple ratio, e.g. 1 new share for 2 old shares, 3 for 4, etc. A reverse split is the opposite of a stock split.
In a reverse stock split, a company reduces the number of shares outstanding, boosting the share price. For example, with a 1:3 stock split, the number of shares is divided by three while the ...
In 1998, US West split into two separate companies. Its telephone properties maintained the US West name, while the remaining assets such as cable, wireless and international businesses became MediaOne. The split was structured so that MediaOne Inc. was the legal successor to US West Inc., and US West was the spin-off entity.
Amazon has announced plans for a 20-to-1 stock split in May, if shareholders approve. ... There is also what is known as a “reverse stock split,” when a company combines a number of shares ...