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Unisys Announces Common Stock Will Begin Trading on Adjusted Basis on October 26 Following One-For-Ten Reverse Stock Split
November 7th, 2009
Unisys Corporation (NYSE:UIS) announced that the previously announced one-for-ten reverse split of its common stock will become effective as of 11:59 p.m. tonight and that Unisys shares will trade on a post-split basis beginning on Monday, October 26, 2009 when the market opens. The new CUSIP number for the company's common stock will be 909214306.
The reverse stock split will automatically combine every ten shares of Unisys common stock into one share of common stock. As of today, there were approximately 423 million shares of Unisys common stock outstanding. After giving effect to the reverse stock split, there will be approximately 42.3 million shares outstanding. No...
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Source: Investment Weekly News (2009-11-07)