Aventis Approves 10-to-One Share Consolidation
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Aventis Energy Inc. announced that its board of directors approved a 10-to-one consolidation of the company's common shares. The company currently has 94,248,477 common shares outstanding. If completed, the consolidation would reduce the issued shares to approximately 9,424,844.
From finanznachrichten.de
Why it matters
The board of directors stated that the consolidation is intended to provide the company with greater flexibility for its business growth and financing arrangements. The company confirmed that there is no change to its business associated with the consolidation.
From finanznachrichten.de
Who's involved
- AventisThe company whose common shares are being consolidated.
- board of directorsThe group that exercised governance authority by approving the share consolidation.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AventisSpeculative
The company might gain greater flexibility for financing arrangements following the corporate action.
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The entities involved
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Aventis
former French agrochemical and pharmaceutical company
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British Columbia
province of Canada
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- The government has announced a major spending spree, promising infrastructure support for BC Ferries and increasing the health budget for long-term care facilities.
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Vancouver
largest city in the province of British Columbia, Canada
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