Reported 2 days ago
Atos, the French IT group, is initiating a reverse stock split starting March 25 to regain investor confidence following a financial restructuring amid significant debt issues. The consolidation will convert every 10,000 old shares into one new share, priced around 49 euros, effective April 24. This move aims to stabilize share pricing and reduce volatility after its shares plummeted following a capital increase. Atos plans to unveil its new strategy during a capital markets day in May.
Source: YAHOO